https://imgur.com/a/0Fvj4 view image above for chart QUESTION 12 Choose the corr

Question

https://imgur.com/a/0Fvj4

view image above for chart    

QUESTION 12

Choose the correct Adjusting Entry to record Interest Revenue owed to Exmore from Marlinspike Marina note.

A. None of these are correct

B. Debit Interest Receivable $7.72 and Credit Interest Revenue $7.72

C. Debit Interest Receivable $46.30 and Credit Interest Revenue $46.30

D. Debit Interest Revenue $46.30 and Credit Interest Revenue $46.30

E. Debit Interest Revenue $7.72 and Credit Interest Receivable $7.72

A. None of these are correct

B. Debit Interest Receivable $7.72 and Credit Interest Revenue $7.72

C. Debit Interest Receivable $46.30 and Credit Interest Revenue $46.30

D. Debit Interest Revenue $46.30 and Credit Interest Revenue $46.30

E. Debit Interest Revenue $7.72 and Credit Interest Receivable $7.72

Explanation / Answer

Answer is B

Account and Tittles Debit Credit Interest Receivable 7.72      Interest Revenue 7.72

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