Question

journal entry worksheet
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record the payment of interest.
note: enter debits before credits.
date general journal debit credit
may 20 7,590 7590

Explanation:

Step1: Identify the account to debit

When paying interest, the Interest Expense account is debited.
Debit Interest Expense 7,590

Step2: Identify the account to credit

The cash account is credited as cash is being paid out.
Credit Cash 7,590

Answer:

Date	General Journal	Debit	Credit
May 20	Cash		7,590