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On December 31st, your company earned interest on the average 2019 cash balance which will be paid January 5th, 2020. The average interest rate for
On December 31st, your company earned interest on the average 2019 cash balance which will be paid January 5th, 2020. The average interest rate for the year was 4.0%. Note: Compute the average cash using only the beginning and ending balance.
Can you please give me an equation on how to solve this I have the numbers I just need to know how to calculate the journal entry. I have financial statements for 2017 and 2018
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