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When Interest Is Accrued on a Note Payable,but Not Paid,the

Question 63

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When interest is accrued on a note payable,but not paid,the


A) Interest Expense account is increased;the Interest Payable account is increased.
B) Interest Expense account is decreased;the Interest Payable account is increased.
C) Notes Payable account is increased;the Interest Payable account is increased.
D) Interest Expense account is increased;the Interest Payable account is decreased.

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