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Nikolay [14]
3 years ago
15

Deere company holds a​ $10,000 note receivable dated july​ 1, 2015, with​ 10% interest. what adjusting entry is needed on decemb

er​ 31, 2015?
a. no entry is needed.
b. debit interest receivable for​ $500 and credit interest revenue for​ $500
c. debit interest receivable for​ $1,000 and credit interest revenue for​ $1,000
d. debit interest receivable for​ $100 and credit interest revenue for​ $100
Business
1 answer:
Ket [755]3 years ago
7 0
<span>b. debit interest receivable for​ $500 and credit interest revenue for​ $500
</span>
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Answer:

D.net income (loss), common stock, and dividends

Explanation:

Stockholder´s equity statement: It is a financial statement that shows all the changes in the value of stockholder´s equity in a particular period of time. It includes comprehensive income, unlike the income statement. It helps in knowing the position of equity.

Statement of shareholder´s equity include the following components:

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These three component affect the following item in the statement:

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4 0
3 years ago
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Sophie [7]

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Learn more about stockholders: brainly.com/question/28017828

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5 0
2 years ago
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HACTEHA [7]

Answer:

The correct answer is

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3 0
3 years ago
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astraxan [27]

Answer:

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Explanation:

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