Indicate the Account(s) to Be Debited and Credited to Record

Multiple Choice

Indicate the account(s) to be debited and credited to record the following transactions.
-Recording an adjusting entry for interest on the books of the seller (holder of the note) .
Debit ________ Credit ________

A) Cash
B) Notes receivable
C) Accounts receivable
D) Interest receivable
E) Notes payable
F) Accounts payable
G) Interest payable
H) Discount on notes payable
I) Interest expense
J) Interest income
K) Sales