Please answer the question correctly, and
give the progress. Note: 418 is incorrect
Homework Answers
Interest revenue = 15000*9%*3/12+14000*6%*25/365+4000*12%*15/365 = 338+58+20 = 416
Journal entry
| Date | account and explanation | Debit | Credit |
| May 31 | Interest receivable | 416 | |
| Interest revenue | 416 | ||
| (To record accrued interest) |
Add Answer to:
Please answer the question correctly, and
give the progress. Note: 418 is incorrect
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