Academy Grill Supply On October 1, 2019, the company received a $50,000 promissory note from a customer. The annual interest rate is 6%. Principal and interest will be collected in cash at the maturity date of September 30, 2020. Refer to Academy Grill Supply. If the company's year ends December 31, 2019, an adjusting entry is needed to a. increase interest receivable by $750. b. increase interest revenue by $2,250. C. increase notes receivable by $2,250. d. increase notes receivable by $750.