1 The adjusting entry to accrue interest earned would includ
1. The adjusting entry to accrue interest earned would include a:
2 The entry to record collections from credit customers would include a:
| a | credit to interest expense |
Solution
1.
Adjusting entry to accrue interest earned
The answer is D.
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2.
Journal entry to record collections form credit customers
The answer is A.
| Account Titles and Explanation | Debit | Credit |
| Interest Receivable | --- | |
| Interest revenue | --- |
