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    Exam 4: Ethics, Internal Control, and Cash
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    Meranda Company Has a Chequing Account That Earns Interest
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Meranda Company Has a Chequing Account That Earns Interest

Question 31

Question 31

Essay

Meranda Company has a chequing account that earns interest. The May bank statement shows interest earned of $15.67. Prepare the journal entry to record the interest.

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