answer please?? Young Company lends Dobson industries $40,000 on August 1, 2022,...
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Young Company lends Dobson industries $40,000 on August 1, 2022, accepting a 9-month, 9\% interest note. If Young prepares its financial statements as of December 31,2022 , what adjusting entry must it make? DR Interest Receivable 1,500 CR Interest Revenue 1,500 DR Accounts Receivable 1,500 CR Interest Receivable 1,500 DR Cash 1,500 CR Interest Revenue 1,500 DR Notes Receivable 1,500 CR Interest Revenue 1,500
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