1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marysya [2.9K]
3 years ago
8

The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entr

y of the account names and dollar amounts.
Business
1 answer:
ehidna [41]3 years ago
7 0

Answer:

Given that,

Company's bank reconciliation at June 30 included interest earned = $150

So, it must be cash must be debited and interest revenue must be credited in the accounts.

Therefore, the journal entry is as follows:

Cash A/c Dr. $150

     To Interest revenue   $150

(To record the interest revenue earned)

You might be interested in
determining what items or products you need is the first step in purchasing. this is called a purchasing .
Serga [27]

Identification of the need is the first step for purchasing process.

<h3>Is a buying situation in which the customer purchases a product or service for the first time?</h3>

Modified rebuy: A business shopping for scenario in which the buyer needs to alter product specifications, prices, terms, or suppliers. New task: A enterprise shopping for situation in which the consumer purchases a product or carrier for the first time.

<h3>What are the 3 buying process?</h3>

It is the journey or shopping for manner that customers go through to grow to be conscious of, evaluate, and buy a new product or service, and it consists of three degrees that make up the inbound advertising framework: awareness, consideration, and decision.

Learn more about purchasing process here:

<h3>brainly.com/question/1489991</h3><h3>#SPJ4</h3>
3 0
1 year ago
Which example best describes how a bank injects money into the economy? A bank opens a savings account for a customer. A bank ap
USPshnik [31]

Answer:

The correct answer would be option B, A bank approves mortgage for a customer.

Explanation:

Injecting money into the economy means increasing money supply in the economy. It means more money is in the circulation. So when a bank approves a mortgage for a customer, it means bank is releasing money which will be in circulation and becomes a part of the economy. Mortgage is basically the loan or money which a bank or financial institution lends to a person or company on an agreed upon interest rate in exchange of their property with the condition that the bank will sell the property to get its money back if the borrower fails to return the loaned money. So the best example of how a bank can inject money into the economy is to approve the mortgage for a customer.

7 0
3 years ago
Read 2 more answers
Responsible boaters use cleaning products that won't harm lakes or rivers. which product is a responsible choice for cleaning yo
Stella [2.4K]
Keeping the boat you are riding clean is the most fundamental responsibility to do in order to maintain the structure and efficiency of the watercraft. In addition, its hull is at most important to be cleaned using detergents. Among this type of detergent that is commonly used in cleaning would be a non-phosphate detergent.
5 0
3 years ago
Read 2 more answers
Given the acquisition cost of product z is $30, the net realizable value for product z is $27, the normal profit for product z i
vitfil [10]
Lcm requires to value inventory at the lower of acquisition cost or net realizable value.

Net realizable value = $27 - $1 = $26
Cost = $30

Therefore, it would be valued at $26
5 0
3 years ago
What is down payment with regarding to buying a house?
mart [117]
The down payment is an initial payment made when something is bought on credit. It usually depends on the type of house or any other form of object
5 0
3 years ago
Other questions:
  • Economists use gross national product to measure
    11·1 answer
  • Explain the relationship between the use of human capital and level of development ?
    8·1 answer
  • purchased equipment on January​1, 2018​,for $ 27 comma 419.Suppose Duck Pond Golf Club Sold the equipment for $ 19 comma 000 on
    13·1 answer
  • Which of the following choices best completes the following statement? Explain. An investor with a higher degree of risk aversio
    10·1 answer
  • Function of the money.​
    5·1 answer
  • Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly
    8·2 answers
  • Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jas
    10·1 answer
  • What will happen to the equilibrium price and quantity of airline fares as a result of the following two simultaneous changes (a
    14·1 answer
  • Ken Larch is a tailor. He bought two industrial sewing machines from his father. He placed both machines in service in the same
    10·1 answer
  • The ___ can transfer the right to cash a check to another party by endorsing
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!