0
debit interest expense
credit interest payable
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the journal entry for Interest due but not received?
debit interest receivablecredit interest income
What is journal entry when started business by borrowing cash from friend with interest 12 percent?
[Debit] Cash account xxxx [Credit] Capital xxxx Interest will paid after a year when it will due.
What is the journal entry of telephone bill is due to be paid?
debit telephone expensescredit expenses payable
What is the journal entry to write off a customer account due to bankruptcy?
Debit bad debtsCredit accounts receivable
If a department store fails to make the entry to accrue the finance charges due from customers?
interest revenue will be understated.
What is the journal entry for Interest due but not received?
debit interest receivablecredit interest income
What is journal entry when started business by borrowing cash from friend with interest 12 percent?
[Debit] Cash account xxxx [Credit] Capital xxxx Interest will paid after a year when it will due.
What is the journal entry of telephone bill is due to be paid?
debit telephone expensescredit expenses payable
What should be the journal entry for cash due but not paid?
debit accrued expensescredit expense payable
What is the journal entry of rent income?
rent due to landlord
What is the journal entry to write off a customer account due to bankruptcy?
Debit bad debtsCredit accounts receivable
Where does Prepaid Interest comes in a balance sheet?
prepaid interest is that amount of interest which is not due but paid in advance as it is not due yet it is current asset of business and it will be shown in current assets section of balance sheet.
Can credit cards still charge interest after credit debt has been paid offbefoe due date?
Yes they can. They charge you from the time they last charged you interest until its paid off.
If a department store fails to make the entry to accrue the finance charges due from customers?
interest revenue will be understated.
Micro Fish Company recognized 10000 of interest expense in 2007 The balance of the company's interest payable account decreased 2000 The amount of cash paid by the company for interest in 2007?
Company has paid 2000 cash for interest due to which interest payable reduced by 2000.
Which statement is TRUE in regards to a policy loan?
Past-due interest payments not paid after 3 months will void the policy
How do you calculate interest on TDS for late deposit?
1.5% per month or part there of, till tds is paid Deduction due date paid date 10000 7.7.2012 8.7.12 interest 150 10000 7.7.2012 8.8.12 interest 300 10000 7.7.2012 8.9.12 interest 450 ...like
