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The company's bank reconciliation at June 30 included the following item. The bank statement included a credit memorandum in the amount of $150 for interest. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.

Respuesta :

Answer:

journal entry  are given below

Explanation:

given data

amount of  interest = $150    

solution

we know that as June 30  the interest earn company bank reconciliation is

$150  

Therefore, it should be a cash debit and interest income should be deposited in the account as

journal entry  are as June 30

                         Cash A/c                   $150     Dr.

                        To Interest revenue   $150

record the interest revenue earned

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