A company accepts a three month, 6%, $2,000, promissary note as settlement of DEF Companys account on Dec 16. The entry to record this transaction on ABCs books on Dec. 16 is:

a. Notes Receivable $2,030

Accounts receivable $2,000

Interest Revenue $ 30

b. Notes Receivable $2,000

Cash $2,000

c. Notes Receivable $2,120

Accounts receivable $2,000

Interest Revenue $ 120

d. Notes Receivable $2,000

Accounts receivable $2,000