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. X Company loans $10,000 to customer Gerald on March 1st, 2014. The loan and interest are all due in one year with an interest

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. X Company loans $10,000 to customer Gerald on March 1st, 2014. The loan and interest are all due in one year with an interest rate of 6%. X closes its book at the end of every month. X's entry on March 31st related to this loan will include: 1. Debit to Interest Receivable for $600. 2. Debit to Interest Expense for $600. . 3. Credit to interest Revenue for $50. 4. Debit to Cash for $50. . 5. Both cand d are correct. O 1 02 O 3 04 05

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