For each of the following adjusting entries, identify whether the entry is correct. If it is...

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For each of the following adjusting entries, identify whether the entry is correct. If it is not correct,select the correct adjusting entry. If entry is correct, select "Entry is correct." DR Interest Revenue OCR Interest Receivable 730 730 To record one year's interest on a loan to an officer of the company. The loan was for $10,000 at 7% annual interest. For each of the following adjusting entries, identify whether the entry is correct. If it is not correct,select the correct adjusting entry. If entry is correct, select "Entry is correct." DR Interest Revenue OCR Interest Receivable 730 730 To record one year's interest on a loan to an officer of the company. The loan was for $10,000 at 7% annual interest.