1/1/X1 Cash received for interest Cash paid for interest Interest payable Interest receivable Unearned interest Prepaid interest Interest revenue Interest expense ? $1,500 $1,980 $1,560 12/31/X1 $8,300 $6,600 $2,250 $2,130 ? ? $1,100 $9,060 $5,820 What is Unearned interest at 12/31/X1? A. $ 590 B. $1,850 C. $2,110 $2,590 D. E. $3,370 $ What is Interest payable at 1/1/X1? 1 A. $1,010 B. $1,240 $1,930 D. $2,570 c. E. $3,490