On November 1, 2016, Vesta Company accepted a 3-month note receivable as payment for services provided to Pax Company. The face value was $18,000, and had a stated 6% annual rate of interest. Vesta Company closed its books on December 31, 2016. On February 1, 2017, the journal entry to record the collection of the note should include a credit to:

Select one:

A. Interest Income for $270

B. Interest Income for $90

C. Interest Receivable for $270

D. Notes Receivable for $18,270