Young Company lends Dobson Industries $30,000 on August 1, 201X, accepting a 9-month, 12% interest note. If Young prepares it financial statement as of December 31, 201X, what adjusting entry must it make?

Question 1 options:

	Interest Receivable................1,500 ............Interest Revenue......................1,500
	Cash..................................1,500 ............Interest Revenue.......................1,500
	Accounts Receivable..............1,500 .............Interest Receivable....................1,500
	Notes Receivable..................1,500 .............Interest Revenue.......................1,50