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Lenore, Incorporated gathered the following information from its accounting records and the October bank statement to prepare the October bank reconciliation: What journal entry would
Lenore, Incorporated gathered the following information from its accounting records and the October bank statement to prepare the October bank reconciliation: What journal entry would Lenore, Incorporated be required to record for the interest received from the bank? Debit Interest Receivable and credit Interest Revenue for $1,700. Debit Interest Revenue and credit Cash for $1,700. Debit Cash and credit Interest Revenue for $1,700. No journal entry is required because the bank is aware of the interest payment
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