32Uniform Supply accepted a $5,400, 90-day, 12% note from Tracy Janitorial on October 17. If the note is dishonored, what entry should Uniform Supply make on January 15 of the next year? Assume that December 31 is fiscal year end. (Use 360 days a year.)

Debit Cash $5,562; credit Notes Receivable $5,562.

Debit Cash $5,562; credit Interest Revenue $27; credit Interest Receivable $135, credit Notes Receivable $5,400.

Debit Cash $5,562; credit Interest Revenue $135; credit Interest Receivable $27, credit Notes Receivable $5,400.

Debit Notes Receivable $5,400; debit Interest Receivable $162; credit Sales $5,562.

Debit Accounts Receivable $5,562; credit Interest Revenue $27; credit Interest Receivable $135, credit Notes Receivable $5,400.