Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On buiness's bank statement, the business bank account had earned $12 interest on 30 June 2020 which had been directly paid into the bank account
On buiness's bank statement, the business bank account had earned $12 interest on 30 June 2020 which had been directly paid into the bank account by the bank on that day. The accounting records need to be updated for this transaction.
What should be write in the generanl journal?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started