A $10,618, 30-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry to recognize this event is the one listed below.

Select the correct answer.

debit Cash, $10,724 credit Notes Receivable, $10,724

debit Accounts Receivable, $10,724 credit Notes Receivable, $10,618 Credit Interest Receivable, $106

debit Notes Receivable, $10,724 credit Accounts Receivable, $10,724

debit Accounts Receivable, $10,724 credit Notes Receivable, $10,618 Credit Interest Revenue, $106