14. Delaney Corporation foaned $600,000 to another corporation on December 1.2021 received a 3-month, 8%(annual...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Delaney Corporation foaned $ to another corporation on December received a month, annual tate interestbearing note with a face Valv $ What adjusting entry should Delaney make on December a Debit Interest Receivable and credit Interest Revenue, $ b Debit Cash and credit Interest Revenue, c Debit Interest Receivable and credit Interest Revenue, d Debit Cash and credit Interest Receivable, $
Delaney Corporation foaned $ to another corporation on December received a month, annual tate interestbearing note with a face Valv $ What adjusting entry should Delaney make on December
a Debit Interest Receivable and credit Interest Revenue, $
b Debit Cash and credit Interest Revenue, c Debit Interest Receivable and credit Interest Revenue, d Debit Cash and credit Interest Receivable, $
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.