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A bank has a three-month, 4%, $6,000 note receivable, issued on November 1. Interest is due at maturity. What adjusting entry should the bank record
A bank has a three-month, 4%, $6,000 note receivable, issued on November 1. Interest is due at maturity. What adjusting entry should the bank record on November 30? O(Debit) Cash 20; (Credit) Interest Revenue 20 (Debit) Interest Receivable 20; (Credit) Interest Revenue 20 (Debit) Interest Receivable 60; (Credit) Unearned Revenue 60 (Debit) Interest Receivable 60; (Credit) Interest Revenue 60 * 1 point
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Financial Statement Fraud Strategies For Detection And Investigation
Authors: Gerard M. Zack
1st Edition
1118301552, 9781118301555
