The Accountant for Hyde Park Inc

The accountant for Hyde Park Inc.prepared the bank reconciliation when the November 30 bank statement was received in the mail.A credit memorandum enclosed with the bank statement indicated that interest in the amount of $1,200 was earned on the average account balance during November.How would the company record the required adjusting entry for this item?

A) Debit Cash for $1,200 and credit Interest Expense for $1,200.
B) Debit Interest Expense for $1,200 and credit Cash for $1,200.
C) Debit Cash for $1,200 and credit Notes Receivable for $1,200.
D) Debit Cash for $1,200 and credit Interest Revenue for $1,200.
E) Debit Interest Revenue for $1,200 and credit Cash for $1,200.