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Posted on Sep 09, 2024

Splish Brothers Inc. lends Bramble industries $62400 on August 1, 2022, accepting a 9-month, 6% interest note. If Splish Brothers Inc. prepares its financial statements

Splish Brothers Inc. lends Bramble industries $62400 on August 1, 2022, accepting a 9-month, 6% interest note. If Splish Brothers Inc. prepares its financial statements as of December 31, 2022, what adjusting entry must it make?

Cash

1560

Interest Revenue

1560

Accounts Receivable

1560

Interest Receivable

1560

Notes Receivable

1560

Interest Revenue

1560

Interest Receivable

1560

Interest Revenue

1560

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