On September 15, 2018, Oliver's Mortuary Received a $6,000, Nine-Month $\begin{array}{|c|r|r|}\hline \text { Interest receivable } & 175 \\\hline \text { Interest revenue } & & 175 \\\hline\end{array}$

On September 15, 2018, Oliver's Mortuary received a $6,000, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2018?

A) $\begin{array}{|c|r|r|}\hline \text { Interest receivable } & 175 \\\hline \text { Interest revenue } & & 175 \\\hline\end{array}$
B) $\begin{array}{|c|r|r|}\hline \text { Interest receivable } & 230 & \\\hline \text { Interest revenue } & & 230 \\\hline\end{array}$
C) $\begin{array}{|l|r|l|}\hline \text { Interest receivable } & 175 & \\\hline \text { Notes receivable } & & 175\\\hline\end{array}$
D) $\begin{array}{|l|r|r|}\hline \text { Interest receivable } & 600 & \\\hline \text { Interest revenue } & & 175 \\\hline \text { Cash } & & 425 \\\hline\end{array}$