Dec. 6, 2025 Received a $16,000, 90-day, 6% note in settlement of an overdue accounts receivable from Jazz Music. Dec. 31, 2025 Made an adjusting entry to accrue interest on the Jazz Music note. Dec. 31, 2025 Adjusting Entry:
a) Debit Interest Receivable, $240; Credit Interest Revenue, $240
b) Debit Interest Revenue, $240; Credit Interest Payable, $240
c) Debit Interest Revenue, $240; Credit Cash, $240
d) Debit Cash, $240; Credit Interest Revenue, $240
