ACC 301, easy multiple choice. qs 18

Wildhorse \& Co. sold goods with a market price of $153000 on April 1. They accepted a note from Windsor Inc. for $153000 due in two years, with interest paid each year on April 1, bearing 8% interest. If 8% interest approximates the market rate of interest for this transaction, what journal entry should be recorded to record the sale (ignore Cost of Goods sold) when the sale takes place? Debit Notes Receivable $177480, credit Sales Revenue $177480. Debit Interest Receivable $9180, credit Interest Revenue $9180. Debit Notes Receivable $153000, credit Sales Revenue $153000. Debit Interest Receivable $12240, credit Interest Revenue $12240