Question: QUESTION 16 If a bank statement includes an EFT receipt of $200 for interest the journal entry to record this reconciling item should include a
QUESTION 16 If a bank statement includes an EFT receipt of $200 for interest the journal entry to record this reconciling item should include a dobit to interest Expense for $200 and credit to Prepaid interest for $200 debit to Cash for $200 and a credit to interest Revenue for $200 debit to interest Revenue for $200 and credit to Cash for $200 dobit to Accounts Receivable for $200 and a credit to interest Revenue for $200
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