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Paper Company receives a $4,798, 3-month, 11% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make

Paper Company receives a $4,798, 3-month, 11% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? Select the correct answer.

Notes ReceivableDame Company $4,930 Accounts ReceivableDame Company $4,930

Notes ReceivableDame Company $4,798 Accounts ReceivableDame Company $4,798

Notes ReceivableDame Company $4,930 Interest Receivable $132 Accounts ReceivableDame Company $4,798 Interest Receivable $132

Notes ReceivableDame Company $4,930 Accounts ReceivableDame Company $4,798 Interest Revenue $132

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