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debit
What else can I help you with?
Does interest payable a debit or credit?
Interest payable is debit.
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
What is interest expense on a general ledger Debit or Credit?
DEBIT
Does interest receivable have credit or debit balance?
credit
Is a decrease in interest payable a credit or debit?
credit
Does interest payable a debit or credit?
Interest payable is debit.
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
What is the journal entry for accrued interest expense on Notes Payable?
debit interest expense, credit interest payable for the accrued amount
Is interest receivable debit or credit?
debit
What is interest expense on a general ledger Debit or Credit?
DEBIT
Does interest receivable have credit or debit balance?
credit
Is a decrease in interest payable a credit or debit?
credit
How debit and credit related to transactions?
A debit is taken straight from the money you have in your bank account. A credit is taken, then the cost billed to you. With a debit, you pay now with no interest. With a credit, you pay later with possible interest added to it.
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 for interest on credit?
debit interest receivablecredit interest income
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
What is the journal entry of accrued interest?
[debit] Interest expense [credit]interest payable
