Multiple Choice
Use this information to answer the following question. The transactions below pertain to Bolivar Company,whose fiscal year ends September 30. The September 30 adjusting entry,rounded to the nearest dollar,to accrue the interest expense on the note payable is:
A) Interest Expense 329
Cash 329
B) Cash 329
Interest Expense 329
C) Interest Expense 329
Interest Payable 329
D) Interest Expense 329
Notes Payable 329
Correct Answer:

Verified
Correct Answer:
Verified
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