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Paper Company Paper Company receives a $3,159, 3-month, 7% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper

Paper Company
Paper Company receives a $3,159, 3-month, 7% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? Oa. Notes Receivable-Dame Company $3,214 Interest Receivable $55 Accounts Receivable-Dame Company $3,159 Interest Receivable $55 Ob. Notes Receivable-Dame Company $3,214 Accounts Receivable-Dame Company $3,214 Oc. Notes Receivable-Dame Company $3,214 Accounts Receivable-Dame Company $3,159 Interest Revenue $55 Od. Notes Receivable-Dame Company $3,159 Accounts Receivable-Dame Company $3,159

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