1. The entry to journalize the reversing entry for accrued interest expense is (A) debit Income Summary; credit Interest Expense. (B) debit Interest Payable; credit Income Summary. (C) debit Interest Expense; credit Income Summary. (D) debit Interest Payable; credit Interest Expense.
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Home » Business » 1. The entry to journalize the reversing entry for accrued interest expense is (A) debit Income Summary; credit Interest Expense. (B) debit Interest Payable; credit Income Summary. (C) debit Interest Expense; credit Income Summary.