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On September 15, 2021, Oliver's Mortuary received a $6,000, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix

On September 15, 2021, Oliver's Mortuary received a $6,000, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2021? Multiple Choice 600 Interest receivable Interest revenue Cash 175 425 175 Interest receivable Interest revenue 175 175 Interest receivable Notes receivable 175 Prev 1 of 10 ! Next > TE Elv W 23 MacBook Pro

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