The accountant for Hyde Park Inc. prepared the bank reconciliation when the November 30 bank statement was received in the mail. A credit memorandum enclosed with the bank statement indicated that interest in the amount of $1,200 was earned on the average account balance during November. How would the company record the required adjusting entry for this item? Debit Cash for $1,200 and credit Interest Expense for $1,200. Debit Interest Expense for $1,200 and credit Cash for $1,200. Debit Cash for $1,200 and credit Notes Receivable for $1,200. Debit Cash for $1,200 and credit Interest Revenue for $1,200. Debit Interest Revenue for $1,200 and credit Cash for $1,200.