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When a company has earned interest in the current period but has not yet recor the interest, what type of adjustment is the company required
When a company has earned interest in the current period but has not yet recor the interest, what type of adjustment is the company required to make? Make an adjusting entry at the end of the current period to accrue the inter earned. Make no adjusting entry at the end of the period because interest has not earned yet. Make an adjusting entry at the end of the next period to accrue interest ea No adjustment is necessary until the cash is collected
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