Answered: Suppose Alladin Travel, Inc., holds a…

Suppose Alladin Travel, Inc., holds a note receivable as an investment. At the endof June, $100 of interest revenue has been earned. Journalize the accrued revenueadjustment at June 30.

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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Question

Suppose Alladin Travel, Inc., holds a note receivable as an investment. At the end
of June, $100 of interest revenue has been earned. Journalize the accrued revenue
adjustment at June 30.

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