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Question 19 (1 point) An adjustment made to record accrued interest on a note receivable due next year consists of a(n): increase to Interest Expense

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Question 19 (1 point) An adjustment made to record accrued interest on a note receivable due next year consists of a(n): increase to Interest Expense and an increase to Interest Payable. increase to Interest Receivable and an increase to Interest Revenue. increase to Interest Expense and an increase to Notes Payable. increase to Interest Expense and a decrease to Cash. Question 20 (1 point) Lawrence Manufacturing Company's accounting records included the following analysis of transactions related to the collection of $24,000 in rent revenue received on July 15 for the period August 1 through January 30: Stockholders' Equity Liabilities + Unearned Revenge 24,000 Comics Stock Rent Revenge Assets Accounts Cash Receivable Dec 15. 24.000 Dec. 31 Adj Bal Rear Expense Jones prepares financial statements annually on December 31. The December 31 adjusting entry will decrease Cash and increase Rent Revenue by $4.000. decrease Accounts Receivable Unearned Revenue by $4.000. increase Accounts Receivable and increase Rent Revenue decrease Unearned Revenue and increase Rent Revenue by $20,000

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