On April 3, First State Bank Loaned a Customer $30 $\begin{array}{lc}\text { Notes Receivable } & 30,000 \\\text { Interest Revenue } & 3,000 \\\text { Cash } & 27,000\end{array}$

On April 3, First State Bank loaned a customer $30, 000 on a 60-day, 10% note, remitting the face value less the interest to the customer.Which of the following journal entries would First State Bank use to record the receipt of the note?

A)
$\begin{array}{lc}\text { Notes Receivable } & 30,000 \\\text { Interest Revenue } & 3,000 \\\text { Cash } & 27,000\end{array}$
B)
$\begin{array}{lc}\text { Notes Receivable } & 30,000 \\\text { Cash } & 30,000\end{array}$
C)
$\begin{array}{lc}\text { Notes Receivable } & 30,500 \\\text { Interest Revenue } & 500 \\\text { Cash } & 30,000\end{array}$
D)
$\begin{array}{lc}\text { Notes Receivable } & 30,000 \\\text { Interest Revenue } & 500 \\\text { Cash } & 29,500\end{array}$