an investment made by the business matures. Record the principle

an investment made by the business matures. Record the principle of $5,000.00, and interest $521.22 in the cash receipts journal. Enter the total amount as cash debit, and make a note of the deposit in the checkbook. ( Remember to record the principal separate from the interest. Record the interest as Interest Income ). How is this transaction posted ?

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Place Order