Rusli Company calculates it has earned (but not yet collected or recorded) interest of $3,150 at December 31 on outstanding notes receivable. How should Rusli record this on December 31? Select one: A Interest Payable O B Interest Income Interest Receivable OD. Interest Payable C. Interest Receivable Interest Income Interest Income Interest Receivable 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150
Rusli Company calculates it has earned (but not yet collected or recorded) interest of $3,150 at December 31 on outstanding notes receivable. How should Rusli record this on December 31? Select one: A Interest Payable O B Interest Income Interest Receivable OD. Interest Payable C. Interest Receivable Interest Income Interest Income Interest Receivable 3,150 3,150 3,150 3,150 3,150 3,150 3,150 3,150
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:Rusli Company calculates it has earned (but not yet collected or recorded) interest of $3,150 at December 31 on outstanding notes receivable.
How should Rusli record this on December 31?
Select one:
A
Interest Payable
O B
Interest Income
Interest Receivable
OD.
Interest Payable
C.
Interest Receivable
Interest Income
Interest Income
Interest Receivable
3,150
3,150
3,150
3,150
3,150
3,150
3,150
3,150
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