Schleis Co. holds Murphy Inc.’s $10,000, 120-

day, 9% note. The entry made by Schleis Co.

when the note is collected, assuming no interest has previously been accrued, is:

(a) Cash | 10,300 |

Notes Receivable 10,300

(b) Cash | 10,000 |

Notes Receivable 10,000

(c) Accounts Receivable 10,300 Notes Receivable 10,000 Interest Revenue 300

(d) Cash 10,300 Notes Receivable 10,000 Interest Revenue 300