CHAPTERS 3 AND 9—ADJUSTING ENTRIES AND …
On December 31, 2005, your journal entry for the quarter should: A. Increase Interest Expense for $3,000 and increase Interest Payable for $3,000. B. Increase Cash for $3,000 and increase Accrued Interest for $3,000. C. Increase Interest Expense for $6,000 and decrease Cash for $6,000. D. ................
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