The Upmarket Hotel Has an Interest Yielding Investment Earning $18,000

The Upmarket Hotel has an interest yielding investment earning $18,000 per year. Its year end is 31^st December. Indicate what adjusting entry is required if the last time that interest was received and recorded occurred on 31^st October.

A) Debit Interest Receivable $3,000; Credit Interest Revenue $3,000
B) Debit Interest Revenue $3,000; Credit Interest Receivable $3,000
C) Debit Unearned Interest $3,000; Credit Interest Revenue $3,000
D) Debit Interest Receivable $3,000; Credit Unearned Interest $3,000
E) None of the above