At the end of the year, the following interest is earned, but not yet received. Record the

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At the end of the year, the following interest is earned, but not yet received. Record the adjusting entry in a general journal.

Interest on $4,000, 90-day, 12% note (for 15 days) ... $20.00

Interest on $7,000, 60-day, 11% note (for 18 days) ..... 38.50

$58.50

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 10:16 AM

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At the end of the year, the following interest is earned, but not yet received. Record the

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