Question: e Quiz i Saved Help Save & Exit On December 1, 2019, a firm accepted a 6-month, 12 percent note for $10,000 from a customer.

 e Quiz i Saved Help Save & Exit On December 1,

e Quiz i Saved Help Save & Exit On December 1, 2019, a firm accepted a 6-month, 12 percent note for $10,000 from a customer. The adjusting entry on December 31 to record the interest earned on the note is: Multiple Choice O a debit to Interest Receivable for $100 and a credit to Interest Income for $100. O a debit to Interest Income for $100 and a credit to Interest Receivable for hoo. O a debit to Interest Receivable for $600 and a credit to Interest Income for $600. O a debit to Interest Receivable for $1,200 and a credit to Interest Income for $1,200

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