For the current year, a business has earned (but not recorded or received) $200 of interest from investments. demonstrate the required adjusting entry by completing the following sentence. the required adjusting entry would be to debit the (unearned revenue/accounts receivable/cash/interest receivable) account and (debit/credit) the (cash/accounts receivable/interest revenue/interest receivable) account.
Solved
Show answers
More tips
- H Health and Medicine Hangover: How to Get Rid of It Quickly?...
- A Auto and Moto How to Start a Diesel Engine in Cold Weather?...
- A Auto and Moto Which alarm system to choose?...
- P Photography and Videography What is lens calibration and why is it needed?...
- S Science and Technology How to Choose a Picture Frame: Tips and Recommendations...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- C Computers and Internet How to Choose an Uninterruptible Power Supply (UPS) for Your Computer: Expert Tips...
- S Science and Technology How to choose a home theater system?...
- A Auto and Moto How to Choose a Car Wash? Tips and Recommendations...
Answers on questions: Business
- B Business Explain what diversification means and how it can help manage risk. (Answer in 3-5 sentences)...
- B Business Discuss any TWO solutions that SSSM can use to deal with the socio-economic issue identified in question 1.1.6.COM...
- B Business The following information is available for completed Job No. 404: Direct materials, $60,000; direct labor, $80,000; indirect labor, $10,000; manufacturing overhead, $120,000; units...
- B Business Which of the following is a reason someone should get health insurance? O A.Health insurance allows all medical procedures to be covered for free. B.Most health insurance policies...
- B Business Wildcat Company incorporated in 2018 and has the following information at the end of October, 2021: $300,000 in its Accounts Receivable and $11,000 credit in its Allowance for Uncollectible...
- B Business Jellison Company had the following operating data for its first two years of operations: Variable costs per unit: Direct materials 4.00 Direct labor $2.90 Variable overhead 1.50 Fixed...
- B Business Oriole Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,270 March 5,390 February 8,270 April 4,290 Each unit...
- C Chemistry Is it possible to prove that something is real or true of you can’t directly observe it? If no, why not? If yes, how would you do that?...
- B Business Relation between occupation and education any 5 point...
- M Mathematics Help please! Need answer...
Ответ:
Explanation:
The adjusting journal entry is shown below:
Interest receivable A/c Dr $200
To Interest revenue A/c $200
(Being the interest earned is recorded)
Since the interest would not be received but it is earned so we debited the interest receivable account and credited the interest revenue account.
The other accounts which are given in the brackets are wrong.
Ответ:
The god has manmy substitustes
Explanation: