On March 15, 2020, El Centro Company received a three-month, 10%, $10,000 note from

Sam Jones for the settlement of his open account. The entry by El Centro Company on June 15, 2020 if Jones dishonors the note and collection is expected is:

a. Accounts ReceivableS. Jones..................................... 10,000

Notes Receivable................................................... 10,000

b. Accounts ReceivableS. Jones..................................... 10,000

Interest Lost..................................................................... 250

Notes Receivable................................................... 10,250

c. Accounts ReceivableS. Jones. ................................... 10,250

Notes Receivable................................................... 10,000

Interest Revenue.................................................... 250

d. Bad Debt Expense........................................................... 10,250

Notes Receivable................................................... 10,250