Question: On August 1 , 2 0 2 4 , a company lends cash and accepts a $ 2 3 , 0 0 0 note receivable

On August 1,2024, a company lends cash and accepts a $23,000 note receivable that offers 16% interest and is due in nine months. How would the company record the year-end adjusting entry to accrue interest in 2024?(Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
TransactionAccount TitleDebitCreditA.Interest Revenue1,581A.Interest Receivable1,581B.Interest Receivable3,680B.Interest Revenue3,680C.Interest Receivable1,581C.Interest Revenue1,581D.Interest Receivable1,533D.Interest Revenue1,533
Multiple Choice
Option A
Option B
Option C
Option D

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