Wasserman Inc. asks Harvey, Inc. for a loan. On October 1, 2019, Harvey, Inc. lends $700,000 to Wasserman, Inc. and accepts a 8-month note that will bear interest at an annual rate of 7%. The note becomes due June 1, 2020. All interest will be paid on the due date of the note. Harvey has not made any adjusting entries related to this note. Harvey, Inc. has a year-end of December 31, 2019. What entry, if any, will Harvey record on December 31, 2019? $32,667 Dr. Cr. $32,667 $12,250 Cr. Interest Receivable Interest Revenue Interest Receivable Interest Revenue Note Receivable Interest Receivable Cash $12,250 Dr. $700,000 49,000 Dr. Cr. $700,000 49,000 Interest Revenue $49,000 Interest Receivable Interest Revenue No journal entry is necessary at December 31, 2019 $ 49,000