The interest on a $28000, 6%, 30-day note receivable is $140. $840. $420. $70. A truck costing $75000 and on which $70000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a credit to Accumulated Depreciation for $70000. credit to Accumulated Depreciation for $75000. loss of $5000. gain of $5000. Cheyenne Corp.receives a $16000, 9-month, 8% promissory note from Novak Corp. in settlement of an open accounts receivable. What entry will Cheyenne Corp. make upon receiving the note? Notes Receivable 16960 16000 Accounts Receivable-Novak Corp. Interest Revenue 960 Notes Receivable 16000 Accounts Receivable-Novak 16000 Corp. Notes Receivable 16960 Accounts Receivable-Novak 16960 Corp. Notes Receivable 16000 Interest Receivable 960 16000 Accounts Receivable-Novak Corp. Interest Revenue 960