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Tresses, Inc., which has a December 3 1 year end, lent $ 1 , 0 0 0 on December 1 to an employee at 6

Tresses, Inc., which has a December 31 year end, lent $1,000 on December 1 to an employee at 6% due in 6 months. When will Tresses record Interest Revenue? It will record ______.
Multiple choice question.
a daily entry with a debit to Interest Receivable and credit to Interest Revenue for each day's interest generated
an adjusting entry on December 31 with a debit to Interest Receivable and credit to Interest Revenue for the interest generated in December
interest earned on the payment date with a debit to Cash and credit to Interest Revenue for the 6 months of interest generated

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