Question 14 0.5 pts A company loaned $30,000 to a debtor on May 1, at 10% interest for 3 months. What adjusting entry should the company record on June 30 before preparing the financial statements on June 30? Debit Interest Expense for $750 and credit Interest Payable for $750 Debit Interest Expense for $250 and credit Interest Payable for $250 Debit Cash for $30,000 and credit Interest Revenue for $30,000 Debit Interest Receivable for $500 and credit Interest Revenue for $500 Debit Interest Receivable for $250 and credit Interest Revenue for $250