QULUI JUJU Question 9 2.85714 points Save Answer Rutgers, Inc. needs some cash. On September 1, 2019, Michelle, Inc. lends $600,000 to Rutgers, Inc. and accepts a 10-month note that will bear interest at an annual rate of 5%. The note becomes due July 1, 2020. All interest will be paid on the due date of the note. Michelle has not made any adjusting entries related to this note, Michelle, Inc. has a year end of December 31, 2019. What entry, if any, will Michelle record on December 31, 2019? $600,000 30.000 $600.000 30.000 $30,000 Dr Note Receivable interest Receivable Cr. Cash Cr. Interest Revenue Interest Receivable Interest Revenue Interest Receivable Interest Revenue interest Receivable Interest Revenue No journal entry is necessary at December 31, 2019 I $ 30.000 $25,000 $25,000 $10,000 $10.000