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You hold a mixed trust account. It happens to bear interest, which pays out monthly. Here, The interest should be credited to Trust Interest Payable

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You hold a mixed trust account. It happens to bear interest, which pays out monthly. Here, The interest should be credited to Trust Interest Payable You should have standing instructions to the financial institution to direct the interest to your firm's general account because inter cannot be tied easily to a specific client o Give the interest to your clients by debiting their accounts receivable and crediting Trust Bank; this will ensure that the debits in T equal the credits in Trust Funds Owed Write the appropriate trust cheque to move the interest to the Law Society of Ontario Moving to the next question prevents changes to this answer. Questio 29 ili s tv A

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