On November 1, Year 1, J.C. Penney Company borrowed $20,000 from Burlington Company and gave a 90-day, 12% note. On December 31, Year 1 the end of the accounting period, Burlington makes the following entry: Interest Receivable 400 Interest Revenue 400 Notes Receivable 400 Notes Revenue 400 Interest Expense 600 Interest Payable 600 Interest Receivable 600 Interest Revenue 600 Cash 400 Interest Revenue 400