Uniform Supply Accepted a $4,800,90-Day,10% Note from Tracy Janitorial on October

Multiple Choice

Uniform Supply accepted a $4,800,90-day,10% note from Tracy Janitorial on October 17.If the note is dishonored,what entry should Uniform Supply make on January 15 of the next year?

A) Debit Notes Receivable $4,800;debit Interest Receivable $120;credit Sales $4,920.
B) Debit Cash $4,920;credit Notes Receivable $4,920.
C) Debit Cash $4,920;credit Interest Revenue $100;credit Interest Receivable $20,credit Notes Receivable $4,800.
D) Debit Cash $4,920;credit Interest Revenue $20;credit Interest Receivable $100,credit Notes Receivable $4,800.
E) Debit Accounts Receivable $4,920;credit Interest Revenue $20;credit Interest Receivable $100,credit Notes Receivable $4,800.