Randie Company Lends Luann Company $10,000 on April 1, Accepting $\begin{array}{lrr} \text { Note Receivable} &10,000\\ \text { Cash} &&10,000\\\end{array}$

Randie Company lends Luann Company $10,000 on April 1, accepting a four-month, 6% interest note. Randie Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? a.
$\begin{array}{lrr} \text { Note Receivable} &10,000\\ \text { Cash} &&10,000\\\end{array}$

b.
$\begin{array}{lrr} \text {Interest Receivable } &50\\ \text {Interest Revenue } &&50\\\end{array}$

c.
$\begin{array}{lrr} \text { Cash} &50\\ \text { Interest Revenue } &&50\\\end{array}$

d.
$\begin{array}{lrr} \text {Interest Receivable } &200\\ \text { Interest Revenue } &&200\\\end{array}$