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Question 17 (3 points) Nance Co. holds Gant Inc.'s $30,000, 120 day, 9% note. The entry made by Nance Co. when the note is collected,

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Question 17 (3 points) Nance Co. holds Gant Inc.'s $30,000, 120 day, 9% note. The entry made by Nance Co. when the note is collected, assuming no interest has previously been accrued is: 30,000 a) Cash Note Receivable 30,000 30.900 b) Accounts Receivable Note Receivable Interest Revenue 30,000 900 c) Cash 30,900 Note Receivable Interest Revenue 30,000 900 30.900 d) Accounts Receivable Note Revenue Interest Revenue 30,000 900

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