Question: Choose correct answer. If a bank statement includes an EFT receipt of $200 for interest, the journal entry to record this reconciling item should include

Choose correct answer.

Choose correct answer. If a bank statement includes an EFT receipt of

If a bank statement includes an EFT receipt of $200 for interest, the journal entry to record this reconciling item should include a OA. debit to Cash for $200 OB. credit to Prepaid Interest for $200. OC. credit to Cash for $200 OD. debit to Accounts Receivable for $200

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