Question

The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.

Answer 1

Dr Cash $150

Cr Interest Revenue $150

Step-by-step explanation:

Based on the information given ifnThe bank statement included a CREDIT MEMORANDUM in the amount of $150 for interest which means that the journal entry will be :

Dr Cash $150

Cr Interest Revenue $150