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25. The Duane Company receives three months' worth of his $10,000 promissory note from the Ray Company at his 6% interest to settle the outstanding
25. The Duane Company receives three months' worth of his $10,000 promissory note from the Ray Company at his 6% interest to settle the outstanding debt. What will the Duane Company complete when it receives notice?
a. Notes Receivable 10,150 Accounts ReceivableRay Company 10,150
b. Notes Receivable 10,150 Accounts ReceivableRay Company 10,000 Interest Revenue 1 50 c.
c. Notes Receivable 10,000 Interest Receivable 150 Accounts ReceivableRay Company 10,000 Interest Revenue 150
d. d. Notes Receivable 10,000 Accounts ReceivableRay Company 10,000
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