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The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
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The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.

User Gene T
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1 Answer

5 votes

Answer:

Dr Cash $150

Cr Interest Revenue $150

Step-by-step explanation:

Based on the information given ifnThe bank statement included a CREDIT MEMORANDUM in the amount of $150 for interest which means that the journal entry will be :

Dr Cash $150

Cr Interest Revenue $150

User Dunfield
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