On December 1,2018,a company lends a new employee $20,000 to assist with her relocation expenses.The employee signs a 6-month note,with interest of 9%.The company prepares year-end financial statements at December 31.What is the required adjusting entry at December 31 as a result of this note transaction?
A) Debit Interest Revenue and credit Interest Receivable for $900.
B) Debit Interest Receivable and credit Interest Revenue for $900.
C) Debit Interest Revenue and credit Interest Receivable for $150.
D) Debit Interest Receivable and credit Interest Revenue for $150.
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