What are the statements to the question?
It seems that you have missed the necessary options for us to answer this question, so I had to look for it, so here is the answer. <span>Consumer’s expectations of doing new things with varied kinds of information in ways that create value have resulted in the emergence of ON-DEMAND MARKETING. Hope this helps.</span>
The actual correct answer is A railroads
Answer:
c. debit to Interest Expense of $1,000.
Explanation:
The adjusting entry is as follows:
Interest expense Dr ($50,000 × 6% × 4 months ÷ 12 months) $1,000
To Interest payable $1,000
(Being the interest expense is recorded)
Here interest expense is debited as it increased the expense and credited the interest payable as it also increased the liabilities
Therefore the correct option is c.