On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Whichentry 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-lnt. Revb. 1.200 TL debit to 642-Int. Rev and credit to 181-Acc. Rev.c. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Revd. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.

Interest Revenue = Deposit amount * Rate * Period

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)? O a. 300 TL debit to 181-ACC. Rev. and credit to 642-Int. Rev O b. 1.200 TL debit to 642-Int. Rev and credit to 181-Acc. Rev. C. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev O 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)? O a. 300 TL debit to 181-ACC. Rev. and credit to 642-Int. Rev O b. 1.200 TL debit to 642-Int. Rev and credit to 181-Acc. Rev. C. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev O d. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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