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Chum Ltd invested $240 000 with a bank for one year at 5% p.a. on 1 February 2019 (interest payable at end of loan). What
Chum Ltd invested $240 000 with a bank for one year at 5% p.a. on 1 February 2019 (interest payable at end of loan). What is the adjusting journal entry at the balance date 30 June 2019? Select one: a DR Unearned revenue $5 000 CR Interest revenue $5 000 O b. DR Accrued revenue $7 000 CR Interest revenue $7 000 OC. DR Accrued revenue $12 000 CR Interest revenue $12 000 O d. DR Accrued revenue $5 000 CR Interest revenue $5 000
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