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or Exit On September 15, 2021, Prewitt Corporation received a $7,200, nine-month note bearing interest at an annual rate of 10% from the estate of

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or Exit On September 15, 2021, Prewitt Corporation received a $7,200, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Prewitt's has a December 31 year-end. What adjusting entry will Prewitt Corporation record on December 31, 2021? Multiple Choice Interest receivable Notes receivable 210 210 Interest receivable Interest revenue 210 210 Interest receivable Interest revenue 510 510 Interest receivable Interest revenue 720 210

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