A company negotiates a $15,000, 3-month, 8% promissory note with another company in exchange for accounts receivable. What entry will the company make upon receiving the note?

1. Dr Notes Receivable 15,300

Cr Accounts Receivable 15,300

2. Dr Notes Receivable 15,300

Cr Accounts Receivable15,000

Cr Interest Revenue 300

3. Dr Notes Receivable 15,000

Dr Interest Receivable 300

Cr Accounts Receivable 15,000

Cr Interest Revenue 300

4. Dr Notes Receivable 15,000

Cr Accounts Receivable 15,000