When a company earns interest on a note receivable or on a bank account, the debit and
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When a company earns interest on a note receivable or on a bank account, the debit and credit are as follows:
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Debit a. Accounts Receivable Interest Receivable b. c. Interest Revenue d. Interest Revenue Credit Interest Revenue Interest Revenue Accounts Receivable Interest Receivable
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Related Book For
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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