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Paper Company receives a $3,574, 3-month, 10% promissory note from Dame Company in settlement of an open account receivable. What entry will Paper Company make

Paper Company receives a $3,574, 3-month, 10% promissory note from Dame Company in settlement of an open account receivable. What entry will Paper Company make upon receiving the note?

a. Account Debit Credit Notes ReceivableDame Company $3,574 Accounts ReceivableDame Company $3,574

b. Account Debit Credit Notes ReceivableDame Company $3,574 Interest Revenue $89 Accounts ReceivableDame Company $3,574 Interest Receivable $89

c. Account Debit Credit Notes ReceivableDame Company $3,663 Accounts ReceivableDame Company $3,574 Interest Revenue $89

d. Account Debit Credit Notes ReceivableDame Company $3,663 Accounts ReceivableDame Company $3,663

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