Bookkeeping
Accrued Interest Overview and Examples in Accounting and Bonds
The same amount is also classified as revenue on the income statement. The journal entry is debiting cash $ 2,000 and credit accrued interest receivable $ 2,000. The journal entry is debiting accrued interest receivable $ 2,000 and interest income $ 2,000. Finally, the frequency of payments can impact the Ler mais…