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What is the journal entry for interest on credit?

Anonymous

∙ 11y ago

Updated: 9/22/2023

debit interest receivable
credit interest income

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∙ 11y ago

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What is the journal entry of accrued interest?

[debit] Interest expense [credit]interest payable

What is the journal entry for interest receivable?

[Debit] Interest Receivable [Credit] Interest Income

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

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

Journal entry for unearned interest income?

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

What is the journal entry to record accrued interest on a mortgage?

(debit) interest income (credit) (debit) interest income (credit)

Related Questions

What is the journal entry of accrued interest?

[debit] Interest expense [credit]interest payable

What is the journal entry for interest receivable?

[Debit] Interest Receivable [Credit] Interest Income

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

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

Journal entry for unearned interest income?

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

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 to record accrued interest expense?

Debit Accrued Interest Expense Credit Accrued Interest Payable

What is the journal entry to interest on capital?

[Debit] Interest on capital account xxxx [credit] Capital account xxxx

What is the journal entry to record payment of accrued interest?

[Debit] Interest expense xxxx [Credit] Interest payable xxxx [Debit] Interest payable xxxx [Credit] Cash / bank xxxx

What is the journal entry to record accrued interest income from note receivable?

[Debit] Accrued interest income [Credit] Notes payable

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 of interest on capital of Rs 50000 10 percent?

[Debit] Interest on Capital 5000 [Credit]Cash/Bank 5000

What is the journal entry for paid interest on the bank loan?

The journal entry for paid interest on a bank loan involves debiting the Interest Expense account and crediting the Cash account. For example, if $500 in interest is paid, the entry would be: Debit: Interest Expense $500 Credit: Cash $500 This reflects the expense incurred for borrowing and the reduction in cash due to the payment.

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