0
What is the journal entry for accrued interest expense on Notes Payable?
Updated: 8/19/2023
Wiki User
∙ 13y agoBest Answer
debit interest expense, credit interest payable for the accrued amount
Wiki User
∙ 13y agoThis answer is:
Add your answer:
Earn +20 ptsQ: What is the journal entry for accrued interest expense on Notes Payable?
Write your answer...
Submit
Still have questions?
Related questions
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
What is the journal entry to record payment of accrued interest?
[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx
What is the journal entry to set up an accrued expense?
Debit accrued expensesCredit expenses payable
What is the journal entry to reverse an accrued expense?
Payable Account XXX Expense Account XXX
What journal entry accrues interest expense?
DR - Interest Expense CR - Interest Payable
What is the journal entry to record accrued interest income from note receivable?
[Debit] Accrued interest income [Credit] Notes payable
What should be the journal entry for cash due but not paid?
debit accrued expensescredit expense payable
What is the journal entry for accrued use tax?
debit taxes expense and credit taxes payable
What is the journal entry to record an accrued exp?
debit: expense account credit: account payable (vendor)
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
Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.