14On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Whichüzentry is made on Dec 31 for accrued interest revenue for 3 months (Oct, Nov, and Dec)?planmadı- üzerindena. 300 TL debit to 181-Acc. Rev. and credit to 642-Int. RevetlenmişO b. 1.200 TL debit to 642-Int. Rev and credit to 181-Acc. Rev.oruyuO c. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. RevetleO d. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.

Accrued revenues are those revenues which are earned but not received in the business. These are…

On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Which entry is made on Dec 31 for accrued interest revenue for 3 months (Oct, Nov, and Dec)? a. 300 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev b. 1.200 TL debit to 642-lnt. Rev and credit to 181-Acc. Rev. O c. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev d. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.

On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Which entry is made on Dec 31 for accrued interest revenue for 3 months (Oct, Nov, and Dec)? a. 300 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev b. 1.200 TL debit to 642-lnt. Rev and credit to 181-Acc. Rev. O c. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev d. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.

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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On October 1, 2010, the company deposits 12.000 TL in a bank account for 1 year at 10%. Which entry is made on Dec 31 for accrued interest revenue for 3 months (Oct, Nov, and Dec)? a. 300 TL debit to 181-Acc. Rev. and credit to 642-lnt. Rev b. 1.200 TL debit to 642-Int. Rev and credit to 181-Acc. Rev. c. 1.200 TL debit to 181-Acc. Rev. and credit to 642-Int. Rev d. 300 TL debit to 642-Int. Rev and credit to 380-Unear. Rev.
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