Which of the following is recorded with a debit to interest receivable and a credit to interest revenue?

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asked Mar 2, 2024 28.7k views

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Lyde · Answer 1 · 2024-03-07T02:06:33+0000

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The amount of accrued interest for the party who is receiving payment is a credit to the interest revenue account and a debit to the interest receivable account.

Which of the following is recorded with a debit to interest receivable and a credit to interest revenue?

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