A Company Loaned $6,000 to Another Corporation on December 1,Year

Multiple Choice

A company loaned $6,000 to another corporation on December 1,Year 1,and received a 90-day,10 percent,interest-bearing note with a face value of $6,000.The lender's December 31,Year 1,adjusting entry is

A) Interest Receivable $150
Interest Revenue $150
B) Interest Receivable $ 50
Interest Revenue $ 50
C) Interest Revenue $100
Interest Receivable $100
D) Interest Revenue $150
Interest Receivable $150