1. Foster Company lends Simpson Supplies $30,000 on August 1, 2021, accepting a nine-month, 12% interest note. If Foster accrues interest at its December 31, 2021, year-end, what entry must it make to record the collection of the note and interest at the maturity date of the note? a. Cash 32,700 Notes Receivable Interest Revenue b. Cash Notes Receivable 30,000 2,700 32,700 32,700 c. Notes Receivable Interest Receivable 30,000 1,500 Interest Revenue 1,200 Cash 32,700 d. Cash 32,700 Notes Receivable 30,000 Interest Receivable 1,500 Interest Revenue 1,200