On the maturity date, a company receives \$5,200 for a note receivable. The principal was \$5,000, and \$100 was previously accrued as interest receivable. What is the journal entry?

• A. Debit Cash \$5,200; Credit Interest Revenue \$200
• B. Debit Cash \$5,200; Credit Notes Receivable \$5,000; Credit Interest Receivable \$100; Credit Interest Revenue \$100
• C. Debit Cash \$5,200; Credit Notes Receivable \$5,200
• D. Debit Cash \$5,200; Credit Notes Receivable \$5,000; Credit Interest Revenue \$200

Answer: (B)