E Faithful Representation F. Materiality 4. On October 1, Year 1, a company sold services to a costumer and accepted 19 months note in exchange with a $120,000 face value and an interest rate of 10%. The note requires that both the principle and interest be paid at the beginning of Year 3. The company's accounting period is the calendar year and records the adjusting entrics at the end of the accounting period. At the end of Year 2, the balance in Interest Receivable account will be A 0 B3,000 C. 4,000 D 12.000 E 15,000 F. 19,000