Which of the Following Is Recorded with a Debit to Cash

question 105

Multiple Choice

Which of the following is recorded with a debit to Cash and a credit to Interest Receivable?

• A)The receipt of the principal payment.
• B)The adjusting entry to record interest owed.
• C)The receipt of an interest payment.
• D)The issuance of a note.

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Definitions:

Power

The ability or capacity of an individual or group to influence or control the actions and outcomes within social or organizational contexts.

Legitimate Power

Authority that a person or a group holds that is accepted and recognized by others, often due to a formal position or role.

Reward Power

A type of power that comes from the ability to confer rewards on others for complying with one's wishes or directives.

Coercive Power

A form of power that is derived from the ability to punish or penalize others.