Crane Company lends Wildhorse Company $10400 on April 1, accepting a four-month, 6% interest note. Crane Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Note Receivable Cash Cash Interest Revenue Interest Receivable Interest Revenue Interest Receivable Interest Revenue 52 208 52 10400 52 208 52 10400

Crane Company lends Wildhorse Company $10400 on April 1, accepting a four-month, 6% interest note. Crane Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared