Margaret Company Made an Advance of $45 000 to Its

Margaret Company made an advance of $45 000 to its subsidiary, Jack Limited. Margaret Company charges interest of $15 000 on this advance. The consolidation adjustment to eliminate the advance is:

A) DR Interest revenue $60 000 CR Interest expense $60 000
B) DR Advance from Margaret Co. $45 000 CR Advance to Jack Ltd $45 000
C) DR Interest expense $60 000 CR Interest revenue $60 000
D) DR Advance to Jack Ltd $45 000 CR Advance from Margaret Co. $45 000