If the Vector Management Group had previously made adjusting entries to accrue all of the interest r

If the Vector Management Group had previously made adjusting entries to accrue all of the interest r

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If the Vector Management Group had previously made adjusting entries to accrue all of the interest  revenue (by debiting interest receivable and crediting interest revenue), then interest receivable  rather than interest revenue would need to be credited for $90 in the journal entry shown above.
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Unformatted text preview: The automatic withdrawal requires a simple journal entry that debits utilities expense and credits cash for $253....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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