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Paper Company receives a $4,798, 3-month, 11% promissory note from Dame Company in settlement of an...

Paper Company receives a $4,798, 3-month, 11% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note? Select the correct answer.

Notes Receivable—Dame Company $4,930 Accounts Receivable—Dame Company $4,930

Notes Receivable—Dame Company $4,798 Accounts Receivable—Dame Company $4,798

Notes Receivable—Dame Company $4,930 Interest Receivable $132 Accounts Receivable—Dame Company $4,798 Interest Receivable $132

Notes Receivable—Dame Company $4,930 Accounts Receivable—Dame Company $4,798 Interest Revenue $132

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