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  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 11: Current Liabilities and Fair Value Accounting
  5. Question
    For Notes Payable Whose Interest Is Stated Separately,the Adjusting Entry
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For Notes Payable Whose Interest Is Stated Separately,the Adjusting Entry

Question 18

Question 18

True/False

For notes payable whose interest is stated separately,the adjusting entry would consist of a debit to Interest Expense and a credit to Interest Payable.

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