A company places $10,000 into a money market account for four months. The account is expected to pay 9 percent annual interest, compounded monthly. After one month, the entry to record interest earned is:
a. Short-Term Investments 75
Interest Income 75
b. Cash 75
Interest Income 75
c. Interest Income 75
Cash 75
d. Cash 75
Interest Receivable 75
A
Business
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