On December 31st, your company earned interest on the average 2019 cash balance which will...
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Accounting
On December 31st, your company earned interest on the average 2019 cash balance which will be paid January 5th, 2020. The average interest rate for the year was 4.0%. Note: Compute the average cash using only the beginning and ending balance.
Can you please give me an equation on how to solve this I have the numbers I just need to know how to calculate the journal entry. I have financial statements for 2017 and 2018
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