15. JoJo Ltd provided an advance of $500 000 to its subsidiary BoBo Ltd. Interest of $50 000 was charged during the year ended 30 June 2021. On consolidation, the following adjustment is needed at 30 June 2021 in relation to the interest charged:

a) no adjustment needed.

b) Dr Interest revenue $50 000 and Cr Interest expense $50 000

c) Dr Interest expense $50 000 and Cr Interest revenue $50 000

d) Dr Retained earnings $50 000 and Cr Cash $50 000