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    Financial Accounting Study Set 4
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    Exam 3: Adjusting and Closing Entries
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    Interest Expense Had an Adjusted Balance of $1,178
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Interest Expense Had an Adjusted Balance of $1,178

Question 149

Question 149

Multiple Choice

Interest Expense had an adjusted balance of $1,178.The adjusting entry for accrued interest was for $382.The unadjusted balance for Interest Expense was a:


A) $382 debit.
B) $1,560 debit.
C) $1,560 credit.
D) $796 debit.

Correct Answer:

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