Sloan Company receives a $3,000, 3-month, 6% promissory note from Day Company in settlement of an open accounts receivable. What entry will Sloan Company make upon receiving the note? a. Notes Receivable 3,045Accounts Receivable-Day Company 3,045b. Notes Receivable 3,045Accounts Receivable-Day Company 3,000Interest Revenue 45c. Notes Receivable 3,000Interest Receivable 45Accounts Receivable-Day Company 3,000Interest Revenue 45d. Notes Receivable 3,000Accounts Receivable-Day Company 3,000
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