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Suppose Rons Ltd. holds a loan receivable from a client. At the end of November, $250 of interest revenue has been earned bu
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Answer #1

In the books of Suppose Ron's Ltd

Journal entry for interest earned but not received at the end of the year : nov 30  

Interest receivable a/c DR $250

TO Interest income a/c CR $250

(Being interest earned but not received)

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