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On August 1, 2021, Turner Manufacturing lends cash and accepts a $16,000 note receivable that...

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Accounting

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On August 1, 2021, Turner Manufacturing lends cash and accepts a $16,000 note receivable that offers 12% interest and is due in nine months. How would Turner record the year-end adjustment to accrue interest in 2021? (Do not round intermediate calculations. Roun your answer to the nearest dollar amount.) 882 882 1,920 A. Interest Revenue Interest Receivable B. Interest Receivable Interest Revenue C. Interest Receivable Interest Revenue D. Interest Receivable Interest Revenue 1,920 882 882 800 800

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