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Journal Entries for Bank Reconciliation
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Journal Entries for Bank Reconciliation
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6. Internal Controls and Reporting Cash / Journal Entries for Bank Reconciliation / Problem 3
Problem 3
What is the effect on interest revenue when a company receives interest from the bank?
A
Interest Revenue increases
B
Interest Revenue is debited
C
Interest Revenue remains unchanged
D
Interest Revenue decreases
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