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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

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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: Notes Receivable........ Interest Receivable. Accounts Receivable-Rey Company. Interest Revenue. .12,000 150 12,000 150 b. Notes Receivable..... 12,150 Accounts Receivable-Rey Company..... BER 12,150 12,150 Notes Receivable...... Accounts Receivable-Rey Company. Interest Revenue. 12,000 150 Notes Receivable..... Accounts Receivable--Rey Company............ 12,000 12.000

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