On December 31,2018,Infinity Inc

Multiple Choice

On December 31,2018,Infinity Inc.records an adjusting entry to accrue interest on a note.On January 31,2019,Infinity receives a check for $4,680,which represents two months of accumulated interest on the note.Upon receipt of this interest payment,Infinity should debit:

A) Interest Receivable for $2,340,debit Cash $2,340,and credit Interest Revenue for $4,680.
B) Cash for $4,680,credit Interest Receivable for $2,340,and credit Interest Revenue for $2,340.
C) Cash for $4,680 and credit Interest Receivable for $4,680.
D) Cash for $4,680 and credit Interest Revenue for $4,680.