On May 1, Riley's Flower Shop loaned $1,000 to his best customer, Joe Goldberg for 6 months at 5% interest. On November 1, Riley learns that Joe has fallen in love and left town following his new love interest. What entry should Riley record to recognize the dishonor of the note?

Question 21 3 pts On May 1, Riley's Flower Shop loaned $1,000 to his best customer, Joe Goldberg for 6 months at 5% interest. On November 1, Riley learns that Joe has fallen in love and left town following his new love interest. What entry should Riley record to recognize the dishonor of the note? Other receivable $1000 Interest Receivable Bad Debt Expense $25 $975 Notes Receivable $1,000 Accounts Receivable $1,000 Bad Debt Expense $25 Notes Receivable $1,000 Cash $1,025 Accounts Receivable $1,025 Notes Receivable $1,000 Interest Revenue $25