A company collects an honored note with a maturity date of 24 months from establishment, a 10% interest rate, and an initial loan amount of $30,000. Which accounts are used to record collection of the honored note at maturity date?

1. Interest Revenue, Interest Expense, Cash
2. Interest Receivable, Cash, Notes Receivable
3. Interest Revenue, Interest Receivable, Cash, Notes Receivable
4. Notes Receivable, Interest Revenue, Cash, Interest Expense

A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time?

1. $7,150
2. $65,000
3. $14,300
4. $2,383