Waterway industries loaned $610000 to another corporation on december 1, 2017 and received a 3-month, 9% interest-bearing note with a face value of $610000. What adjusting entry should starr make on december 31, 2017? Debit cash and credit interest receivable, $13725. Debit cash and credit interest revenue, $4575. Debit interest receivable and credit interest revenue, $13725. Debit interest receivable and credit interest revenue, $4575.
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