Martinez & Co. accepted a $50,000, 8%, 90-day note receivable for services rendered to a client. Thirty days later Martinez & Co. discounted the note at a bank at 10%. The entry to record the proceeds from the sales of the note would include a

a.	credit to notes receivable for $50,000
b.	debit to cash for $51,000
c.	credit to interest receivable for $333
d.	debit to loss from discounting of note $150

Please explain the answer.