On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the note were $8,500 face value and 7% interest. On October 30, the journal entry to record the collection of the note should include a.
A) Credit to Interest Revenue for $149
B) Interest Revenue for $349
C) Notes Receivable for $249
D) Interest Receivable for $49
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