Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

If a company using accrual accounting has quarterly (end of quarter) interest payments on a bond, what will they recognize at the end of the first month of the quarter?

Debit-Interest Payable; Credit-Interest Expense
Debit-Interest Expense; Credit-Current Portion of Long Term Debt;
Debit-Interest Expense; Credit-Interest Payable;
Debit-Current Portion of Long Term Debt; Credit-Interest Expense
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