Question: Accompanying a bank statement for Aubertson s Company is a credit

Accompanying a bank statement for Aubertson’s Company is a credit memo for $15,300, representing the principal ($15,000) and interest ($300) on a note that had been collected by the bank. The company had not been notified by the bank at the time of the collection and so had made no entries. Journalize the entry that should be made by the company to bring the accounting records up to date.

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  • CreatedSeptember 15, 2015
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