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All earnings and revenues has credit balance as normal balance so interest earned also has credit balance as default normal balance.
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∙ 9y ago
Florence Nzilani
credit
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Does interest payable a debit or credit?
Interest payable is debit.
Is interest debit or credit?
debit
What is the journal entry for interest earned on marketable securities but not received?
[Debit] Interest receivable on marketable securities [Credit] interest earning on marketable securities
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
Does interest receivable have credit or debit balance?
credit
The earned interest on deposit is a credit or debit entry and against what should be done?
credit
Does interest payable a debit or credit?
Interest payable is debit.
Is interest debit or credit?
debit
What is the journal entry for interest earned on marketable securities but not received?
[Debit] Interest receivable on marketable securities [Credit] interest earning on marketable securities
What is the journal entry to record accrued interest on a mortgage?
(debit) interest income (credit) (debit) interest income (credit)
What is the journal entry for accrued interest expense on Notes Payable?
debit interest expense, credit interest payable for the accrued amount
Is interest receivable debit or credit?
debit
Does interest receivable have credit or debit balance?
credit
Is a decrease in interest payable a credit or debit?
credit
What is interest expense on a general ledger Debit or Credit?
DEBIT
How debit and credit related to transactions?
A debit is taken straight from the money you have in your bank account. A credit is taken, then the cost billed to you. With a debit, you pay now with no interest. With a credit, you pay later with possible interest added to it.
What is the journal entry for interest on credit?
debit interest receivablecredit interest income
