Question: The interest earned and interest receivable on a note equals $75 for the month of March. What adjusting entry, if any, should be recorded as

The interest earned and interest receivable on a note equals $75 for the month of March. What adjusting entry, if any, should be recorded as of March 31? Multiple Choice O Debit Cash $75 and credit Interest Revenue $75. Debit Interest Receivable $75 and credit Interest Revenue $75

The interest earned and interest receivable on a note equals $75 for the month of Morch. What adjusting entry, if any, should be recorded as of March 31 ? Multiple Choice Debit Cash $75 and credt interest Revenue 575

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