BACK PRINTER VERSION NEXT Practice, Question 09 Butte Co. loaned $50,000 to Beavis Co. on June 1, at 6% interest for three months. Interest is due the first of each month, commencing July 1 Butte Co.'s year end is June 30. What entry will Butte Co. make when it receives the interest on July 1? O Cash 250 250 Interest Revenue Cash 75C 750 Interest Receivable Interest Receivable 25C Interest Revenue 250 )Cash 25C 250 Interest Receivable LINK TO TEXT Practice, Question 16 Bad debts expense and interest expense are reported on an Income Statement in the following sections, respectively: O both are reported as operating expenses. sales and other expense. operating expense and other expenses. O cost of goods sold and operating expense. LINK TO TEXT Testbank, Question 34 Which of the following receivables would not be classified as an "other receivable"? O refundable income tax interest receivable notes receivable advance to an employee LINK TO TEXT