On September 1, 2021, Muscat Company Received A $8400, Nine-month Note Bearing Interest At An Annual Rate Of 10% From The Gulf Company For Services Rendered. Muscat Company Closes Its Accounting Records On December 31 Every Year. What Adjusting Entry Will

匿名用户 最后更新于 2021-11-19 19:23 会计Accounting


On September 1, 2021, Muscat Company received a $8400, nine-month note bearing interest at an annual rate of 10% from the Gulf Company for services rendered. Muscat Company closes its accounting records on December 31 every year. What adjusting entry will Muscat Company record on December 31, 2021? Select one: A. Interest receivable 280 Interest revenue 280 B. Interest receivable Interest revenue 595 595 840 C. Interest receivable Interest revenue Cash 2451 595 D. Interest receivable Notes receivable 2451 245

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