At the end of the year, the following interest is earned, but not yet received. Record the

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At the end of the year, the following interest is earned, but not yet received. Record the adjusting entry in a general journal.

Interest on $4,000, 90-day, 7% note (for 15 days) $11.67
Interest on $7,000, 60-day, 6% note (for 18 days) 21.00
$32.67

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College Accounting Chapters 1-27

ISBN: 978-1337794756

23rd edition

Authors: James A. Heintz, Robert W. Parry

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Question Posted: Jun 03, 2019 09:38 AM

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At the end of the year, the following interest is earned, but not yet received. Record the

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3 4 5 1 20 2 Dec 31 Accrued Intere...View the full answer

College Accounting Chapters 1-27

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