On March 1, 2016, Steger Corporation invested in a $60,000 note receivable with a 1-year term and a 9% annual interest rate. Which of the following is the correct adjusting journal entry to record the recognition of interest revenue on the note receivable at December 31, 2016?

(A) Debit Credit
Interest Receivable 4,500
Interest Revenue 4,500

(B) Debit Credit
Cash 5,400
Interest Revenue 5,400

(C) Debit Credit
Notes Receivable 4,500
Interest Revenue 4,500

(D) Debit Credit
Interest Receivable 5,400
Interest Revenue 5,400

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

Select the word from the list that best fits the definition sometimes

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?