Make journal entries for recording interest income and interest received and recognition of FV at dec31, 2023,
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Question:
Make journal entries for recording interest income and interest received and recognition of FV at dec31, 2023, 2024, and 2025.
the entries should be:
to record interest collected (3 lines)
to record Fair value adjustment
to record interest collected (3 lines)
to record Fair value adjustment
to record interest collected (3 lines)
to record gain or loss
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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