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At the End of the Accounting Period, a Company Has

Question 83

Multiple Choice

At the end of the accounting period, a company has accrued interest revenue that they will not receive until the next accounting period. The adjusting entry would include a:


A) debit to Interest Expense.
B) debit to Interest Payable.
C) credit to Interest Revenue.
D) credit to Interest Receivable.

Correct Answer:

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