Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry made by Tubman to record the dishonored note? (Use 360 days a year.)

		Debit Bad Debt Expense $7,800; credit Notes Receivable $7,800.
		Debit Bad Debt Expense $7,930; credit Accounts ReceivableValley Spa $7,930.
		Debit Accounts ReceivableValley Spa $7,800; credit Notes Receivable $7,800.
		Debit Accounts ReceivableValley Spa $7,930; debit Bad Debt Expense $130; credit Notes Receivable $7,800.
		Debit Accounts ReceivableValley Spa $7,930, credit Interest Revenue $130; credit Notes Receivable $7,800.