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Interest earned on a note receivable on December 31 equals $375. What adjusting entry is required to accrue this interest? a. Interest Expense Interest payable
Interest earned on a note receivable on December 31 equals $375. What adjusting entry is required to accrue this interest?
a.Interest ExpenseInterest payable
b.Interest receivableInterest Revenue
c.Interest receivable
d.Cash
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
