Multiple Choice
Bigwin Inc had a loan outstanding during the month and at the end of the month it paid interest expense of $200.How would the transaction be recorded?
A) Dr.Loan payable $200, Cr.Cash $200
B) Dr.Loan payable $200, Cr.Interest expense $200
C) Dr.Interest expense $200, Cr Loan payable $200
D) Dr.Interest expense $200, Cr.Cash $200
Correct Answer:

Verified
Correct Answer:
Verified
Q71: At the end of the month BBB
Q72: A company made the following entry in
Q73: The employees of Melvin Movers worked a
Q74: London Ltd bought a computer system two
Q75: Which of the following statements best describes
Q77: Which of the following illustrates the matching
Q78: A company purchased on credit and received
Q79: For each of the following independent situations
Q80: The transactions for October, the first month
Q81: Which of the following economic events would