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Question 17 (4 points) On January 1, 2022 Kole Inc. receives a long-term note with a $5,000 face value. The note has no coupon payments,

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Question 17 (4 points) On January 1, 2022 Kole Inc. receives a long-term note with a $5,000 face value. The note has no coupon payments, but accrues 5% interest, compounded annually, and is due in four years. Round answers to the nearest penny. What journal entry will Kole, Inc. record on 1/1/2022 upon receipt of this note? O Dr. Note Receivable $5,000.00 Cr. Cash $4,113.50 Cr. Premium $886,50 Dr. Note Receivable $5,000 Cr. Cash $5,000 Dr. Note Receivable $4.113.50 Dr. Discount $866.50 Cr. Cash $5,000.00 Dr. Note Receivable $5,000.00 Cach S4113 50

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