Question : 91.On December 31, Louis Jeweler’s made an adjusting entry to : 1237585
91.On December 31, Louis Jeweler’s made an adjusting entry to record $4,200 accrued interest payable on its mortgage. On January 10, the mortgage payment was made. This payment included interest charges of $6,300, $2,100 of which were applicable to the period from January 1 through January 10. When recording this mortgage payment, the accountant should: A. Debit Interest Expense $2,100 and debit Accrued Interest […]