Business, 28.08.2019 02:20 chriscook4471

Starr corporation loaned $90,000 to another corporation on december 1, 2010 and received a 3-month, 8% interest-bearing note with a face value of $90,000. what adjusting entry should starr make on december 31, 2010? a. debit interest receivable and credit interest revenue, $1,800.b. debit cash and credit interest revenue, $600.c. debit interest receivable and credit interest revenue, $600.d. debit cash and credit interest receivable, $1,800.

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Starr corporation loaned $90,000 to another corporation on december 1, 2010 and received a 3-month,...