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32 O Sam's policy of preparing an annual bank reconciliation is an example of the documentation principle of internal control. Question 4 Laurel Company uses
32 O Sam's policy of preparing an annual bank reconciliation is an example of the documentation principle of internal control. Question 4 Laurel Company uses accrual accounting and issues monthly financial statements. On September 1, 2021, Laurel Company lends Stella Corporation $20,000 and accepts a six-month, 3% interest note. The total amount of interest recorded in the September 30, 2021, adjusting entry is O $3,600 O $600 O $50 3 pts $300
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