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Larkspur Finance Company lends Monty Manufacturing Company $50400 on April 1, accepting a four-month, 9% interest note. Larkspur Finance Company prepares financial statements on April

Larkspur Finance Company lends Monty Manufacturing Company

$50400

on April 1, accepting a four-month,

9%

interest note.\ Larkspur Finance Company prepares financial statements on April 30. What adjusting entry should be made before the financial\ statements can be prepared?\ Note Receivable

,50400

\ Cash\ 50400\ Cash\ 378\ Interest Revenue\ 378\ Interest Receivable

,1134

\ Interest Revenue

,1134

\ Interest Receivable

,378

\ Interest Revenue\ 378

image text in transcribed
Larkspur Finance Company lends Monty Manufacturing Company $50400 on April 1, accepting a four-month, 9% interest note. Larkspur Finance Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? Note Receivable 50400 Cast 0400 Cash 378 Interest Revenue 378 Interest Receivable 1134 Interest Revenue 1134 Interest Receivable 378 Interest Revenue 378

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