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As interest is recorded on an interest-bearing note, the Interest Expense account is: B. increased; the Interest Payable account is increased
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Hello Badbush and welcome to Just answer
The correct choice is:
D. increased; the Notes Payable account is increased
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Hello Bad bushIt is my fault, I misread the questionNeo's answer is the correct one. It is B, I am the one who confused you and I apologize for that.