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What is the journal entry for interest income?

Updated: 4/28/2022

Wiki User

∙ 14y ago

Best Answer

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

Wiki User

∙ 14y ago

This answer is:

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Wiki User

∙ 9y ago

debit cash / accounts receivable
credit interest income

This answer is:

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Continue Learning about Accounting

What is the journal entry to record accrued interest income?

debit interest receivablecredit interest income

Who should create the journal entry for interest income?

debit interest receivablecredit interest income

What is the journal entry to interest receivable?

debit interest receivablecredit interest income

What is the journal entry for interest on credit?

debit interest receivablecredit interest income

What is the journal entry for interest receivable?

[Debit] Interest Receivable [Credit] Interest Income

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What is the journal entry for interest receivable?

[Debit] Interest Receivable [Credit] Interest Income

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Journal entry for unearned interest income?

[Debit] Cash / bank [Credit] Unearned Interest Income

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

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