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Understanding Trial Balance & Income Statement Discrepancy: When Interest Expense Doesn't Add Up
Interest expense in the worksheet's trial balance column is $3000. Interest expense in the Income statement column is $7000. Which of the following entries would have caused this difference? Group of answer choices A $4000 debit to Interest expense in the worksheet's adjustments column A $7000 credit to Interest payable in the worksheet's adjustments column A $4000 credit to Interest expense in the worksheet's adjustments column A $7000 credit to Interest expense in the worksheet's adjustments column

A $4000 credit to Interest expense in the worksheet's adjustments column