Reck Company receives a $15,000, 3-month, 8% promissory note from Fey Company in settlement of an open accounts receivable. What entry will Reck Company make upon receiving the note?

a. Notes REceivable........................................................... 15,300

Accounts Receivable ........................................... 15,300

b. Notes Receivable........................................................... 15,300

Accounts Receivable ......................................... 15,000

Interest Revenue ............................................... 300

c. Notes Receivable........................................................... 15,000

Interest Receivable................................................. 300

Accounts Receivable.............................................. 15,000

Interest Revenue.................................................... 300

d. Notes Receivable......................................................... 15,000

Accounts Receivable............................................. 15,000