Is interest expense decreased with a debit?

Anonymous

∙ 13y ago

Updated: 8/20/2019

Interest expenses has debit balance as default normal balance so debit donâ€™t decrease it rather increase it and to reduce it credit is required as it is opposite of it.

Wiki User

∙ 10y ago

What else can I help you with?

Which of Notes Payable Cash Interest Expense and Dividends are decreased with a debit?

Notes Payable - I hope that wasn't for an exam.

What is interest expense on a general ledger Debit or Credit?

DEBIT

What is the journal entry for accrued interest expense on Notes Payable?

debit interest expense, credit interest payable for the accrued amount

Where does interest expense in the income statement?

Interest expense is shown at debit side of income statement because it is an expense for business.

What is the journal entry to record accrued interest expense?

Debit Accrued Interest Expense Credit Accrued Interest Payable

What is the journal entry of accrued interest?

[debit] Interest expense [credit]interest payable

Is interest expense a debit or credit?

all expenses are debited

Is Interest expense debit or credit?

all expenses are debited

What is the journal entry to record interest expense not yet paid?

debit interest expensescredit interest payable

What is the journal entry for Interest due but not received?

debit interest receivablecredit interest income

1 When a corporation pays a note payable and interest?

Debit notes payable and interest expense

What is the journal entry if an owner makes payments on a company loan and he will not be reimbursed by the company?

debit loan accountcredit owners equityDebit Loan Payable Debit Interest Expense Credit Paid in Capital

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