1. A company receives interest on a $40,000, 8%, 5-year note receivable each April 1. At December 31, 2020, the following adjusting entry was made to accrue interest receivable: Interest Receivable ........... ....... 2,400 Interest Revenue ................. 2,400 Assuming that the company does use reversing entries, what entry should be made on April 1, 2021 when the annual interest payment is received