Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Interest due on marketable (https://www.askmehelpdesk.com/showthread.php?t=391147)

  • Aug 27, 2009, 04:21 PM
    rsca
    Interest due on marketable
    Adjustments:

    Received a check for $30 representing interest due on marketable
    Securities:


    Interest Income: $30

    And added to total Fee Income
  • Aug 27, 2009, 07:02 PM
    morgaine300

    Again, you are not being clear with the information. Receiving a check isn't an adjusting entry. So I'm not sure if the check is just information available, or whether you're making an entry for the check.

    It would also depend on whether there was already something in a receivable for interest earned at an earlier date and you're just now receiving a check.

    You're not presenting the info in a clear enough way to understand what the situation is or which entry you are supposed to be doing.

  • All times are GMT -7. The time now is 05:08 AM.