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Harper Company lends Hewell Company $50,400 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financial statements on March 31. What adjusting
Harper Company lends Hewell Company $50,400 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? Oa. Cash $252 Interest Revenue $252 Ob. Note Receivable $50,400 Cash $50,400 Oc. Interest Receivable $252 Interest Revenue $252 Od. Interest Receivable $1,008 Interest Revenue $1,008
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