The Bayou Company earns interest amounting to $360 per month on its investments. The company receives the
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The Bayou Company earns interest amounting to $360 per month on its investments. The company receives the interest every six months, on December 31 and June 30. Monthly financial statements are prepared. What adjusting entry should be made on January 31?
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Related Book For 
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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