Business, 20.04.2020 21:46 itsyagirlgona21

On August 1, 2021, Turner Manufacturing lends cash and accepts a $24,000 note receivable that offers 4% 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. Round your answer to the nearest dollar amount.)
A. Interest Revenue 476
Interest Receivable 476
B. Interest Receivable 960
Interest Revenue 960
C. Interest Receivable 476
Interest Revenue 476
D. Interest Receivable 400
Interest Revenue 400

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On August 1, 2021, Turner Manufacturing lends cash and accepts a $24,000 note receivable that offers...

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