Question 21 5 pts Chen Inc. accepted a two-year noninterest-bearing note for $605,000 on January 1, 2021. The note was accepted as payment for merchandise with a fair value of $500,000. The effective interest rate is 10%. The entry to record interest on December 31, 2021 would be: A) Cash 50.000 Interest receivable 50.000 B) Cash 50,000 Discount on notes receivable 50,000 C Discount on notes receivable 50,000 Note receivable 50.000 D) Discount on notes receivable 50.000 Interest revenue 50,000