A company lends its supplier $151,000 for 3 years at a 7% annual interest rate. Interest payments are to be made twice a year. The entry to record this lending transaction includes a debit to: Multiple Choice

Cash and a credit to Notes Payable for $151,000.

Notes Receivable and a credit to Cash for $151,000.

Interest Receivable and a credit to Interest Revenue for $5,285.

Cash and a credit to Interest Revenue for $10,570.