Multiple Choice
If a bank statement included a bank collection and related interest revenue, the journal entry to record this reconciling item would include a:
A) debit to Note Payable
B) debit to Note Receivable
C) credit to Cash
D) debit to Cash
Correct Answer:
Verified
Correct Answer:
Verified
Q24: Accounts (trade)receivable are amounts to be collected
Q85: Which of the following items below may
Q86: The following account balances were extracted from
Q87: In 2020, Digital Asset Management Corp. (DAM)
Q88: Stelloh's Berry Farm accepted a bank-issued credit
Q91: The interest on a $50,000 note at
Q92: Under the allowance method, the entry to
Q93: An aging-of-accounts-receivable indicates that the amount of
Q94: On the balance sheet numerous bank accounts
Q95: When preparing a bank reconciliation, deposits in