Harper Company lends Hewell Company

$40,000

on March 1, accepting a four-month,

6%

interest note. Harper\ Company prepares financial statements on March 31. What adjusting entry should be made before the financial\ statements can be prepared?\ a. Cash\ 200\ Interest Revenue\ 200\ b. Interest Receivable\ Interest Revenue\ 200

Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financial statements on March 31 . What adjusting entry should be made before the financial statements can be prepared