Financial Accounting
Financial Accounting
5th Edition
ISBN: 9781618531650
Author: Thomas Dyckman
Publisher: Cambridge Business Publishers
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Chapter 3, Problem 30ME

a.

To determine

Prepare adjusting entry and journal entry for interest earned.

b.

To determine

Prepare journal entry for closing the interest income.

c.

To determine

Prepare adjusting entry and journal entry for cash receipts.

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