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Haps Company lends $10,000 to Sleps Company on September 15 for 90 days at 6% interest. What journal entry would Haps need to make on
Haps Company lends $10,000 to Sleps Company on September 15 for 90 days at 6% interest. What journal entry would Haps need to make on September 30 regarding this note? a. Interest Receivable24.66 Interest Revenue24.66 b. Interest Receivable49.32 Interest Revenue49.32 c. Interest Expense24.66 Interest Payable24.66 d. Interest Receivable 147.95 Interest Revenue 147.95
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Introduction To Financial Accounting
Authors: Charles T Horngren, Gary L Sundem
10th Edition
136122973, 978-0136122975
