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Recognizing Revenue: Interest A bank is in the business of providing loans to cusotmers and earning interest. A bank records interest revenue using this journal
Recognizing Revenue: Interest A bank is in the business of providing loans to cusotmers and earning interest. A bank records interest revenue using this journal entry: Multiple Choice A debit Interest revenue ( ) and a credit to interest expense(). A debit to cash ( ) and a credit to interest receivable ( ). A debit to interest receivable ) and a credit to interest revenue ( ). A debit to cash ( ) and a credit to accounts payable ( ). O A debit to interest revenue ) and a credit to retained earnings )
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