Interest payable is debit.
debit
credit
Interest payable is liability account and have a credit balance as a normal balance.
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
(debit) interest income (credit) (debit) interest income (credit)
[debit] Interest expense [credit]interest payable
debit interest expense, credit interest payable for the accrued amount
credit
Interest payable is liability account and have a credit balance as a normal balance.
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
(debit) interest income (credit) (debit) interest income (credit)
[debit] Interest expense [credit]interest payable
bank account debit and interest payable credit
payable is credit
debit loan accountcredit owners equityDebit Loan Payable Debit Interest Expense Credit Paid in Capital
Debit Accrued Interest Expense Credit Accrued Interest Payable
Debit Interest Expense and Credit Bond Payable.
All kind of payables have a credit balance as a default or normal balance. So by following this rule, bank interest payable also has a credit balance as normal balance.