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Alexxandr [17]
3 years ago
6

Which housing option gives you more freedom and more responsibility?.

Business
1 answer:
Vladimir [108]3 years ago
6 0

Answer:

Owning housing option gives you more freedom and more responsibilities.

Explanation:

Owning a house has the following benefits:

• more freedom

• more responsibilities

• lower costs in long-term high appreciation value

Renting housing option factors are as

follows:

• less freedom

• less responsibilities

higher costs in long-term

• more flexibility

As per the above question,

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Answer:

The Adjustment Entry for accrual of Interest Expense will be as follows:

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Interest Expense                $840

Interest accrued Payable               $840

Explanation:

Interest per day = $28

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$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.

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