Interest expense in the worksheet's trial balance column is $3 000.Interest expense in the Income statement column is $7 000.Which of the following entries would have caused this difference?
A)A $4 000 debit to Interest expense in the worksheet's adjustments column
B)A $7 000 credit to Interest payable in the worksheet's adjustments column
C)A $4 000 credit to Interest expense in the worksheet's adjustments column
D)A $7 000 credit to Interest expense in the worksheet's adjustments column

Question

Quizplus · Accepted Answer

A $4,000 debit to Interest expense in the adjustments column would increase the Interest expense from $3,000 to $7,000 in the Income statement column.

Interest Expense in the Worksheet's Trial Balance Column Is $3