Leek Company receives a $12,000, 3-month, 5% promissory note from Rey Company in settlement of an open accounts receivable. What entry will Leek Company make upon receiving the note?

Select one: a. Notes Receivable............................................................12,000 Interest Receivable......................................... 150 Accounts ReceivableRey Company............... 12,000 Interest Revenue........................................... 150 b. Notes Receivable............................................... 12,150 Accounts ReceivableRey Company.................... 12,000 Interest Revenue.................................... 150 c. Notes Receivable.................................................... 12,000 Accounts ReceivableRey Company............ 12,000 d. Notes Receivable.............................................. 12,150 Accounts ReceivableRey Company................ 12,150