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Question - Cheyenne Corp. lends Dobson industries $44400 on August 1, 2017, accepting a 9-month, 6% interest note. If Cheyenne Corp. prepares its financial statements as of December 31, 2017, what adjusting entry must it make?

A) Accounts Receivable 1110

Interest Receivable 1110

B) Cash 1110

Interest Revenue 1110

C) Interest Receivable 1110

Interest Revenue 1110

D) Notes Receivable 1110

Interest Revenue 1110

Accounting Basics, Accounting

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  • Reference No.:- M92536517
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