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A loan was made to another business on May 1, 20x1 in the amount of $4559 at 5% interest. The adjusting entry made at year end (December 31, 20x1) by the accountant was to increase both interest receivable and revenue by $227.95. Which of the following statements is true: Select one: a. No further adjustments are required. b. To correct the error the accountant must debit interest receivable and credit revenue. c. The accountant incorrectly debited interest receivable too much in the amount of $ 75.98 e d. The accountant incorrectly debited interest receivable too much in the amount of $94.98 Check