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Knowledge Check 01 In examining its monthly bank statement, a company discovers that its account was credited $30 for interest earned. The entry needed to
Knowledge Check 01 In examining its monthly bank statement, a company discovers that its account was credited $30 for interest earned. The entry needed to adjust the company's cash balance for this reconciling item will include, a: Multiple Choice Credit to Interest Receivable for $30 Debit to Interest Receivable for $30 Credit to Interest Revenue for $30 Credit to Cash for $30
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