Question: help Question 17 2 pts On your bank statement you notice the collections of a notes receivable and interest income. A journal entry to record
help
Question 17 2 pts On your bank statement you notice the collections of a notes receivable and interest income. A journal entry to record receiving a $3000 note receivable plus $200 in interest revenue would be: o Debit to Cash for $3200; Credit to Notes Receivable for $3200 Debit to cash for $3200; Credit to Notes Receivable for $3000 and Credit Interest Revenue for $200 O Debit Notes Receivable for $3000 and Debit Interest Revenue for $200: Credit cash for $3200 O No Entry Required
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
