On August 1, 2021, Turner Manufacturing lends cash and accepts a $24,000 note receivable that offers 4% interest and is due in nine months. How would Turner record the year-end adjustment to accrue interest in 2021? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

A.	Interest Revenue	476
	Interest Receivable		476
B.	Interest Receivable	960
	Interest Revenue		960
C.	Interest Receivable	476
	Interest Revenue		476
D.	Interest Receivable	400
	Interest Revenue		400

Multiple Choice

• Option A

• Option B

• Option D

• Option C