Question: Main Place determines that it has NOT yet recorded the Y 2 accrual for interest revenue to be received in Y 3 . Assuming the

Main Place determines that it has NOT yet recorded the Y2 accrual for interest revenue to be received in Y3. Assuming the amount to be recorded for Y2 is $6,000, the required adjustment at December 31, Y2, is
Question 11 options:
No adjusting entry is required.
debit Interest Receivable and credit Interest Revenue $6,000.
debit Interest Payable and credit Interest Revenue $6,000.
debit Interest Revenue and credit Interest Receivable $6,000.

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