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 AppendixLO1