SE8-5 Recording Dishonored Promissory Notes Receivable One September 30, the Camelback Company accepted a $50,000, 60 day, nine percent, promissory note in exchange for an overdue accounts receivable balance for the same amount from the Schwartz Company. On November 30, the Schwartz Company dishonored the note. What journal entry should be recorded on November 30?

a. Debit Dishonored Note Receivable Expense; credit Notes Receivable

b. Debit Allowance for Doubtful Accounts; credit Notes Receivable

c. Debit Accounts Relievable; credit Interest Income; credit Notes Receivable

d. None if the above entries is correct