Which of the following journal entries is correct assuming that Mama June Pizza Company received cash for interest earned on investments? A. Cash
$\quad$Investment income
B. Investment income
$\quad$Cash
C. Cash
$\quad$Sales revenues
D. Sales revenues
$\quad$Cash
A) Option A
B) Option B
C)Option C
D)Option D

Question

Quizplus · Accepted Answer

When cash is received for interest earned on investments, the correct journal entry is to debit Cash (increasing the asset) and credit Investment Income (recognizing the income).

Which of the Following Journal Entries Is Correct Assuming That \quad

Which of the Following Journal Entries Is Correct Assuming That $\quad$