Wildhorse Co. receives a $16000, 9-month, 10% promissory note from Metlock, Inc. in settlement of an open accounts receivable. What entry will Wildhorse Co. make upon receiving the note?

Select answer from the options below

Notes Receivable		16000
	Accounts Receivable-Metlock, Inc.		16000

Notes Receivable		17200
	Accounts Receivable-Metlock, Inc.		16000
	Interest Revenue		1200

Notes Receivable		16000
Interest Receivable		1200
	Accounts Receivable-Metlock, Inc.		16000
	Interest Revenue		1200

Notes Receivable		17200
	Accounts Receivable-Metlock, Inc.		17200