2)

Harper Company lends Hewell Company $32,400 on March 1, accepting a four-month, 10% interest note. Harper Company prepares financial statements on March 31. What adjusting entry should be made before the financial statements can be prepared? Oa. Cash 270 Interest Revenue 270 Ob. Interest Receivable 1,080 Interest Revenue 1,080 c. Interest Receivable 270 Interest Revenue 270 Od. Note Receivable 32,400 Cash 32,400