Notes Payable and Accrued Interest

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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.
  1. 3 Minute Accounting Lessons
  2. notes payable
  3. interest
  4. maturity value
  5. due date
  6. maturity date
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