Notes Payable and Accrued Interest

Accrued Interest Expense is Interest Expense that has been incurred (it's already owed) but we haven't paid it yet.
"Accrued" is an adjective to mean the cash hasn't happened yet.
"Accrued" is never part of the account title.

[@brianmurphy4032]

It seems so easy yet when i go to work it seems impossible 😂

[@rainesilk9791]

Excellent explanation! Thank you so much!

[@antorshourov887]

Great explanation & presentation. Thanks

[@MJChannel-h9j]

Thank you for this visual.

[@abidakhan2676]

What if it said notes payable 110000, interest 10% for 5 year

[@pachinko8809]

Great excel template!

[@anikdas4439]

Thanks

[@yeungeddie]

BRUH