Question: Answer is D please explain why the answer is D 1) On September 15,2021 , Oliver & Sons Co. received a $8400, nine-month note bearing

Answer is D please explain why the answer is D 1)

Answer is D please explain why the answer is D

1) On September 15,2021 , Oliver \& Sons Co. received a $8400, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31,2021

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