Vita Inc. lends White Ltd. $60,000 on April 1, accepting a 6-month, 4.5% interest-bearing note. Interest is due the first of each month, commencing May 1. Vita Inc. prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?

Question 13 options:

Note Receivable

60,000

Cash

60,000

Interest Receivable

225

Interest Payable

225

Cash

225

Interest Revenue

225

Interest Receivable

1,350

Interest Revenue

1,350

None of the above