On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Which entry is made on Dec 31 for accrued interest revenue for 3 months (Oct, Nov, and Dec)? a. 300 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev b. 1.200 TL debit to 642-lnt. Rev and credit to 181-Acc. Rev. O c. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev d. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.
On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Which entry is made on Dec 31 for accrued interest revenue for 3 months (Oct, Nov, and Dec)? a. 300 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev b. 1.200 TL debit to 642-lnt. Rev and credit to 181-Acc. Rev. O c. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev d. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 22MC: A company collects an honored note with a maturity date of 24 months from establishment, a 10%...
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