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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
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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