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Harper Company lends Hewell Company $32,400 on March 1, accepting a four-month, 12% interest note. Harper Company prepares financial statements on March 31. What adjusting

Harper Company lends Hewell Company $32,400 on March 1, accepting a four-month, 12% 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 324 Interest Revenue 324 Ob. Interest Receivable 1,296 Interest Revenue c. Interest Receivable Interest Revenue d. Note Receivable 32,400 1,296 324 324 Cash 32,400

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