QUESTION $9$

Hart Inc. received a $5\%,$ four$-$month note receivable from a customer in settlement of an existing account receivable of $$50,000.$ The accounting entry for acquisition of the note will:

Include a debit to Notes Receivable for $$50,822.$

Include a debit to Notes Receivable for $$50,208.$

Include a credit to Interest Revenue for $$822.$

Include a debit to Notes Receivable for $$50,000$ and no entry for interest.