Question

journal entry for accrued intrest​

Answer 1

Answer:

Accrued Interest Income Journal Entry Explained

As the amount is owed to the business it is recorded as a receivable called accrued interest income. The debit records the increase in the receivables in the balance sheet of the business.

Answer 2

Answer:

Accrued Interest Income Journal Entry Explained

As the amount is owed to the business it is recorded as a receivable called accrued interest income. The debit records the increase in the receivables in the balance sheet of the business.

Explanation:

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