Multiple Choice
The Interest Expense in the worksheet's unadjusted trial balance column is $3,000. Interest Expense in the income statement column is $7,000. Which of the following entries would have caused this difference?
A) A $7,000 credit to Interest Expense in the worksheet's adjustments column
B) A $7,000 credit to Interest Payable in the worksheet's adjustments column
C) A $4,000 debit to Interest Expense in the worksheet's adjustments column
D) A $4,000 credit to Interest Expense in the worksheet's adjustments column
Correct Answer:
Verified
Correct Answer:
Verified
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