A company issues a note receivable in place of an outstanding accounts receivable balance. The note is issued February $1.$ The amount

of the note is $$10,000,$ the interest rate is $4\%$ and the term is $3$ months. When the note matures May $1,$ the note plus the interest is

paid. Assuming the note replaced the accounts receivable, and payment of the note all occurred in the same fiscal year, what impact

does this have on the assets on the balance sheet?

no impact on assets

total assets increase by $$100$

total assets increase by $$10,000$

total assets increase by $$10,100$