Harper Company lends Hewell Company $40,000 on March 1, accepting a 4-month, 6% interest note. Harper Company prepares financial
statements on March 31. What related adjusting entry should be made before the financial statements can be prepared?
a. Interest Receivable
200
Interest Revenue
200
O b. Cash
200
Interest Revenue
200
Oc. Interest Receivable
800
Interest Revenue
800
Od. Note Receivable
40,000
Cash
40,000