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Debit cash
Credit interest income

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10y ago

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What information should be included in a journal entry for a tax refund?

A journal entry for a tax refund should include the amount of the refund received, the date it was received, and the account it is being deposited into. It should also note any relevant tax codes or references for tracking purposes.


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

debit interest receivablecredit interest income


How should I create a journal entry to record an income tax refund?

To create a journal entry for recording an income tax refund, debit the cash account for the amount of the refund received and credit the income tax refund account. This will accurately reflect the increase in cash and the corresponding decrease in the income tax refund liability.


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