Lenore,Inc.gathered the following information from its accounting records and the October bank statement to prepare the October bank reconciliation: 
What journal entry would Lenore,Inc.be required to record for the interest received from the bank?
A) Debit Interest Revenue and credit Cash for $1,700.
B) No journal entry is required because the bank is aware of the interest payment.
C) Debit Interest Receivable and credit Interest Revenue for $1,700.
D) Debit Cash and credit Interest Revenue for $1,700.
Correct Answer:
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