Question

what will be the journal entry of... received interest on investments​

Answer 1

Answer:

Bank account Dr

interest income cr

Explanation:

hope it helps u

Answer 2

Explanation:

Interest receivable is the amount of interest that has been earned, but which has not yet been received in cash. ... When the actual interest payment is received, the entry is a debit to the cash account and a credit to the interest receivable account, thereby eliminating the balance in the interest receivable account