Bramble Corp. lends Sheffield Corp. $50400 on April 1, accepting a four-month, 9% interest note. Bramble Corp. prepares financialstatements on April 30. What adjusting entry should be made before the financial statements can be prepared?OInterest Receivable378Interest Revenue378Interest Revenue80CashNote ReceivableCashInterest ReceivableInterest RevenueType here to search378504001134S37850400113417

Adjusting entry is the entry passed in the books of account on reporting date to record the…

Bramble Corp. lends Sheffield Corp. $50400 on April 1, accepting a four-month, 9% interest note. Bramble Corp. prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Interest Receivable 378 Interest Revenue 378 Interest Revenue 378 50400 Cash Note Receivable Cash Interest Receivable Interest Revenue 378 50400 1134 S 1134

Bramble Corp. lends Sheffield Corp. $50400 on April 1, accepting a four-month, 9% interest note. Bramble Corp. prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Interest Receivable 378 Interest Revenue 378 Interest Revenue 378 50400 Cash Note Receivable Cash Interest Receivable Interest Revenue 378 50400 1134 S 1134

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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