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20.09.2019 •
Mathematics
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
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Ответ:
The required adjusting entry would be to debit the accounts receivable by $200.
Step-by-step explanation:
The question says that the business has earned $200 but have not received it yet.
The business has to 'receive' the payment in the future.
The party who needs to send this payment is liable to pay them $200 in the future.
Businesses record this as 'accounts receivable' to keep a record of who owes them money and 'account payable' is recorded when the business owes someone money.
Therefore, the required adjusting entry would be to debit the accounts receivable by $200.
Ответ:
a
Step-by-step explanation: