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27 May, 05:29

When a company has earned interest in the current period but has not yet recorded the interest, what type of adjustment is the company required to make?

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  1. 27 May, 06:33
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    The correct answer is : make an adjusting entry

    Explanation:

    This process has to be done at the end of the current period to accrue the interest earned. It is a journal entry that is recorded at the end of a reporting period that can alter the number of expenses that are set in the income statement. It updates certain revenue to make sure you comply with the matching principle.
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