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Hossam Co. Khalid granted $40,000 note receivable (3 month - 9% interest) to Fahd Co. On October 1, the maturity date, Khalid received the amount

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Hossam Co. Khalid granted $40,000 note receivable (3 month - 9% interest) to Fahd Co. On October 1, the maturity date, Khalid received the amount from Fahd, the journal entry: at of Select one a. cash debit 40,900 and notes receivable credit 40,000 and interest income credit 900 b. cash debit 40,600 and notes receivable credit 40,000 and interest income credit 600 C. cash debit 40,000 and notes receivable credit 40,000 d. none of the other answer O

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