Accrued Revenues Accumulated Earnings Certain profits was in fact earned from the seasons end though National have not invoiced a customers or received payment. The fresh new adjusting accessibility checklist that it made, but unpaid, attention are: Jan 29, 96 Attract Receivable 1100 600 Interest Generated with the Deposits 4300 600 Adjusting admission into accumulated interest made When, with the February fifteen, National is actually paid back focus out of $700, for instance the $600 who’s got started recorded given that Desire Earned and you may Notice Receivable, the brand new journal entry try: Feb 15, 96 Cash in Bank 1020 700 Notice Receivable 1100 600 Notice Generated with the Places 4030 one hundred Attention gained, receivable and you can paid down Accounting Guidelines eleven–eight