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Tresses, Inc., which has a December 3 1 year end, lent $ 1 , 0 0 0 on December 1 to an employee at 6
Tresses, Inc., which has a December year end, lent $ on December to an employee at due in months. When will Tresses record Interest Revenue? It will record
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a daily entry with a debit to Interest Receivable and credit to Interest Revenue for each day's interest generated
an adjusting entry on December with a debit to Interest Receivable and credit to Interest Revenue for the interest generated in December
interest earned on the payment date with a debit to Cash and credit to Interest Revenue for the months of interest generated
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