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The Entry to Journalize the Reversing Entry for Accrued Interest

Question 14

Multiple Choice

The entry to journalize the reversing entry for accrued interest expense is


A) debit Income Summary; credit Interest Expense.
B) debit Interest Payable; credit Income Summary.
C) debit Interest Expense; credit Income Summary.
D) debit Interest Payable; credit Interest Expense.

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