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HCF, a finance company, lends Able Business $2,400 at 5% for three months on December 1, 2015. HCF's adjusting entry on December 31, 2015, should
HCF, a finance company, lends Able Business $2,400 at 5% for three months on December 1, 2015. HCF's adjusting entry on December 31, 2015, should include:
a. A debit to Interest Revenue for $10.
b. A debit to Cash for $10.
c. A credit to Interest Revenue for $10.
d. A credit to Interest Receivable for $10.
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