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What is the journal entry for interest received on a state tax refund?

Updated: 9/21/2023

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∙ 9y ago

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Debit cash
Credit interest income

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Continue Learning about Accounting

What is the journal entry for Interest due but not received?

debit interest receivablecredit interest income

What is the journal entry for received semiannual interest on bonds?

[Debit] cash / bank [credit] interest on bond

What is the journal entry to record a refund?

Debit refund accountCredit cash / bank

What is the journal entry for interest income?

If you actually received the cash then the entry would be Cash Interest Revenue if you haven't yet received cash and are recognizing the interest income.. Interest Receivable Interest Revenue

What is the journal entry for investment revenue of 6000 was earned and received?

debit cashcredit interest on investment

Related questions

What is the journal entry for Interest due but not received?

debit interest receivablecredit interest income

What is the journal entry for received semiannual interest on bonds?

[Debit] cash / bank [credit] interest on bond

What is the journal entry to record a refund?

Debit refund accountCredit cash / bank

What is the journal entry for interest income?

If you actually received the cash then the entry would be Cash Interest Revenue if you haven't yet received cash and are recognizing the interest income.. Interest Receivable Interest Revenue

What is the journal entry for investment revenue of 6000 was earned and received?

debit cashcredit interest on investment

Is a journal entry made on invoices received?

no entry when invoices received, journal entry made when transaction occured and not when invoices received.

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 for bill received?

There is no journal entry for bill received rather journal entry is made when bill is actually paid or when utility is actually utilized.

What is the journal entry when you receive a cash refund?

Debit cash refundCredit expenses

What is the general ledger journal entry for a refund?

Cash a/c to debtors a/c

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debit interest receivablecredit interest income

What is the journal entry for interest on credit?

debit interest receivablecredit interest income

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