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-   -   Adjusting entry (https://www.askmehelpdesk.com/showthread.php?t=55979)

  • Jan 20, 2007, 12:19 AM
    princess_mpk
    Adjusting entry
    I'm trying to do my accounting homework and I got stumped. Im doing an adjusting entry for Interest accrued on notes reveivable on may 31st for 100$. Would I debit notes recievable and credit interest income?
  • Jan 20, 2007, 06:51 PM
    CaptainForest
    When is this note issues/due? Interest rate on it?

    You will
    Dr. Interest Expense
    Cr. Interest Payable

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