A loan was made to another business on May 1, 20x1 in the amount of $3132 at 5% interest. The adjusting entry made at year end (December 31, 20x1) by the accountant was to increase both interest receivable and revenue by $156.6. Which of the following statements is true: ES Select one: a. The accountant incorrectly debited interest receivable too much in the amount of $ 52.20 b. To correct the error the accountant must debit interest receivable and credit revenue. c. The accountant incorrectly debited interest receivable too much in the amount of $ 65.25 d. No further adjustments are required. Check