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  3. on october 31st, your company, catzco., loaned $34

On October 31st, your company, CatzCo., loaned $34,000 in cash to another company, DogzC C0.....

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Accounting

On October 31st, your company, CatzCo., loaned $34,000 in cash to another company, DogzC C0.. The note is for three months, with a 6% interest rate (stated as an annual rate). CatzCo.'s accounting period is January 1st through December 31st.
A. Provide CatzCo.'s adjusting entry to accrue interest on December 31st. You should select your account titles from the following list: Cash, Interest Receivable, Interest Payable, Interest
Revenue, Interest Expense, Note Payable. Not all accounts from this list should be used. Not all lines will be used. Show and label your work so I can give you partial credit. If you don't know the math, at least give me the accounts and indicate whether they should be debited or credited!
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