Cass Corporation's balance sheet at December 31, 2014 included a $24,240 account receivable from Redmun Corporation of Mexico. The account receivable was denominated as 300,000 Mexican pesos. What entry did Cass make on January 16, 2015 when the account receivable was collected and the exchange rate for the peso was $.09? A) 27,000 Accounts Receivable 27,000 Cash B) Cash 27,000 Exchange Gain Accounts Receivable 2,760 24,240 C) Cash 24240 Accounts Receivable 24,240 D) Cash 24 240 Exchange Loss 2,760 Accounts Receivable 27,000 Select one Option b. Option A c. Option B d. Option D