When interest is accrued on a note payable, but not paid, the
A. Interest Expense account is decreased; the Interest Payable account is increased.
B. Notes Payable account is increased; the Interest Payable account is increased.
C. Interest Expense account is increased; the Interest Payable account is decreased.
D. Interest Expense account is increased; the Interest Payable account is increased.
Answer: D
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If the complexity of a customer request clearly requires a face-to-face exchange, suggest that a visit would be more productive and arrange for the customer to meet with you
Indicate whether the statement is true or false
The Step Company has the following information for the year just ended: Budget ActualSales in units 15,000 14,000 Sales$150,000 $147,000 Less: Variable Expenses 90,000 82,600 Contribution Margin$60,000 $64,400 Less: Fixed Expenses 35,000 40,000 Operating Income$25,000 $24,400 The Step Company's sales-volume variance is:
A. $4,400 favorable. B. $10,000 unfavorable. C. $4,000 unfavorable. D. $3,000 unfavorable. E. $10,000 favorable.
According to Herzberg's two-factor theory, characteristics of the workplace that can make people dissatisfied, such as company policies, working conditions, pay, and supervision, are referred to as
A) hygiene factors. B) motivators. C) intrinsic factors. D) positive reinforcers. E) negative reinforcers.
A retirement plan guarantees to pay you or your estate a fixed amount for 20 years. At the time of retirement, you will have $31,360 to your credit in the plan. The plan anticipates earning 8% interest annually over the period you receive benefits
How much will your annual benefits be, assuming the first payment occurs one year from your retirement date? A) $682 B) $6,272 C) $2,000 D) $3,194