On October 1, 2019, the Early Bank lends money to a customer on a six...
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Accounting
On October 1, 2019, the Early Bank lends money to a customer on a six month note. The bank accrues interest on the note at December 31, 2019. The bank's journal entry on December 31, 2019 would include a: O A. debit to Cash and a credit to Interest Payable for three months of interest. O B. debit to Interest Receivable and a credit to Interest Revenue for three months of interest. O C. debit to Cash and a credit to Interest Revenue for three months of interest. O D. debit to Interest Revenue and a credit to Interest Receivable for three months of interest
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