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Interest payable is the interest the company pays on any loans, leases, hire purchases, debentures, etc. throughout the year.
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∙ 13y ago
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Does interest payable a debit or credit?
Interest payable is debit.
1 When a corporation pays a note payable and interest?
Debit notes payable and interest expense
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 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 of accrued interest?
[debit] Interest expense [credit]interest payable
Does interest payable a debit or credit?
Interest payable is debit.
1 When a corporation pays a note payable and interest?
Debit notes payable and interest expense
What is the journal entry for accrued interest expense on Notes Payable?
debit interest expense, credit interest payable for the accrued amount
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
What interest payable?
Interest payable is the interest the company pays on any loans, leases, hire purchases, debentures, etc. throughout the year.
How do you make a journal entry recording an annual interest payment on a note payable?
debit interest expensecredit notes payable
What is debenture interest?
Interest payable or paid to lenders on debentures.
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 of accrued interest?
[debit] Interest expense [credit]interest payable
What is the journal entry of interest due not paid?
debit interest expensecredit interest payable
What is the journal entry for interest on drawings?
Debit interest on drawingsCredit interest payable / cash
Interest due on a note payable?
soes big lot have any notes payable if so when are they due and what interest rate are they paying back.
