Question

journal entry for interest due but not recieved
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Answer 1

Answer:

Interest receivable is the amount of interest that has been earned, but which has not yet been received in cash. The usual journal entry used to record this transaction is a debit to the interest receivable account and a credit to the interest income account.

Answer 2

Answer:

Since in the question, the interest is due but not received so we debit the accrued interest and credit the interest account.

Explanation:

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