Interest earned on a note receivable on December 31 equals $375. What adjusting entry is required to
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Question:
Interest earned on a note receivable on December 31 equals $375. What adjusting entry is required to accrue this interest?
a.Interest ExpenseInterest payable
b.Interest receivableInterest Revenue
c.Interest receivable
d.Cash
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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