Kingbird Finance Company lends Blossom Industries $49200 on August 1, 2025, accepting a 9-month, 12% Interest note. If Kingbirdprepares its financial statements as of December 31, 2025, what adjusting entry must it make?OInterest Receivable 2460Interest RevenueNotes ReceivableInterest RevenueCashInterest Revenue246024602460Accounts Receivable 2460Interest Receivable.246024602460

Adjusting entries are journal entries that are passed at the end of accounting period to adjust the…

Kingbird Finance Company lends Blossom Industries $49200 on August 1, 2025, accepting a 9-month, 12% Interest note. If Kingbird prepares its financial statements as of December 31, 2025, what adjusting entry must it make? O O Interest Receivable 2460 Interest Revenue Notes Receivable Interest Revenue Cash Interest Revenue 2460 2460 2460 Accounts Receivable 2460 Interest Receivable. 2460 2460 2460

Kingbird Finance Company lends Blossom Industries $49200 on August 1, 2025, accepting a 9-month, 12% Interest note. If Kingbird prepares its financial statements as of December 31, 2025, what adjusting entry must it make? O O Interest Receivable 2460 Interest Revenue Notes Receivable Interest Revenue Cash Interest Revenue 2460 2460 2460 Accounts Receivable 2460 Interest Receivable. 2460 2460 2460

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14EB: Anderson Air is a customer of Handler Cleaning Operations. For Anderson Airs latest purchase on...

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