Allen Ltd provided an advance of $500,000 to its subsidiaryUmberLtd. Interest of $50,000 was charged and paid during the year ended 30 June 2017. On consolidation the following adjustment is needed at 30 June 2017 in relation to the interest charged:

A - DRRetained earnings$50,000

CRCash$50,000

B - DRInterest expense$50,000

CRInterest revenue$50,000

C - No adjustment needed.

D - DRInterest revenue$50,000

CRInterest expense$50,000