Raptors Consulting does a variety of strategic planning type of engagements with its clients. Credit terms of 30 days are offered to clients who engage in long-term projects of higher value. Heats Corp. owes Raptors Consulting $30,000 for a project that was completed 45 days ago. Heats Corp. is having cash flow problems and cannot currently pay the outstanding amount. Raptors has restructured the receivable to be due in 3 months from now and has established a 4% interest rate arrangement. What would be the journal entries to record this transaction? a. None of the choices is correct b. Notes Receivable $30 000 Accounts Receivable $30 000 c. Notes Receivable $30 000 Allowance for Expected Credit Losses $30 000 d. Allowance for Expected Credit Losses $30 000 Accounts Receivable $30 000 e. Accounts Receivable $30 000 Allowance for Expected Credit Losses $30 000Allowance for Expected Credit Losses" is a or an: a. contra account b. None of the choices is correct c. expense account d. current asset e. liability account