Question: Journal entry worksheet < 2 3 On June 30, the company lends its chief financial officer $43,000; principal and interest at 6% are due

Journal entry worksheet < 2 3 On June 30, the company lends its chief financial officer $43,000; principal and interest at 6% are due in one year. Record the adjusting entry for interest at its year-end of December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Interest Receivable Interest Revenue Record entry Clear entry View general journal < Prev 3 of 5 Next >
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
