A $7,621, 30-day, 5% 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, $7,653; credit Notes Receivable, $7,653

debit Accounts Receivable, $7,653; credit Notes Receivable, $7,621; Credit Interest Revenue, $32

debit Notes Receivable, $7,653; credit Accounts Receivable, $7,653

debit Accounts Receivable, $7,653; credit Notes Receivable, $7,621; Credit Interest Receivable, $32