Which of the following journal entries is correct assuming that Mama June Pizza Company received cash for

Question:

Which of the following journal entries is correct assuming that Mama June Pizza Company received cash for interest earned on investments?
a. Cash
Investment
b. Investment income
Cash
c. Cash
Sales revenues
d. Sales revenues
Cash
A. option A
B. option B
C. option C
D. option D
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078025822

17th edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson

Question Posted: