Question: Interest earned on a note receivable at December 31 equals $400. What adjusting entry is required to accrue this interest? O A. Interest Expense 400

Interest earned on a note receivable at December 31 equals $400.

Interest earned on a note receivable at December 31 equals $400. What adjusting entry is required to accrue this interest? O A. Interest Expense 400 Cash 400 B. 400 Interest Payable Interest Expense 400 OC. 400 Interest Expense Interest Payable 400 OD. Interest Receivable 400 Interest Revenue 400

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