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On September 15,2024 , Oliver's Mortuary received a $6,000 note from the estate of Jay Hendrix in exchange for services rendered. Terms of the note

On September 15,2024 , Oliver's Mortuary received a

$6,000

note from the estate of Jay Hendrix in exchange for services rendered. Terms of the note call for the payment of principal, and interest at

10%

in nine months. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2024?\ Multiple Choice\ \\\\table[[Account Title,Debit,Credit],[Interest receivable,230,],[Interest revenue,,230]]\ \\\\table[[Account Title,Debit,Credit],[Interest receivable,600,],[Interest revenue,,175],[Cash,,425]]

image text in transcribed
On September 15,2024 , Oliver's Mortuary received a $6,000 note from the estate of Jay Hendrix in exchange for services rendered. Terms of the note call for the payment of principal, and interest at 10% in nine months. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2024? Multiple Choice

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