Interest Expense had an adjusted balance of $1,208. The adjusting entry for accrued interest was for $422. The unadjusted balance for Interest Expense was a:
A)$422 debit.
B)$1,630 debit.
C)$1,630 credit.
D)$786 debit.

Question

Quizplus · Accepted Answer

The unadjusted balance for Interest Expense can be found by subtracting the adjusting entry amount ($422) from the adjusted balance ($1,208), resulting in a $786 debit.

Interest Expense Had an Adjusted Balance of $1,208