On November 15,2013,Betty Corporation Accepted a Note Receivable in Place

Multiple Choice

On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What would be the amount required for the December 31,2013,adjusting journal entry?

A) $35,913.06
B) $34,615.00
C) $10,384.50
D) $1,298.06
E) $2,596.13