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Business, 16.07.2021 01:00 cairolove228

On November 1, 2015, Lendem, Inc. loaned an employee $100,000 at 6% with both the interest and principal due in one year. The adjusting entry to record the interest earned but not received as of December 31, 2015 includes a: A. debit to Interest Receivable of $1,000 B. debit to Interest Revenue of $1,000 C. debit to Interest Payable of $6,000 D. debit to Cash of $5,000 E. debit to Interest Receivable of $6,000

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On November 1, 2015, Lendem, Inc. loaned an employee $100,000 at 6% with both the interest and princ...
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