On November 19, Nicholson Company receives a $15,000, 60-day, 8% note from a customer as payment on a past-due account. What adjusting entry should be made on the December 31 year-end?

Question 2 options:

	Debit Interest Receivable $140; credit Interest Revenue $140.
	Debit Interest Receivable $200; credit Interest Revenue $200.
	Debit Interest Receivable $200; credit Interest Revenue $200.
	Debit Interest Receivable $1,200; credit Interest Revenue $1,200.