On October 2, 2009, Allen Jewelry Company Accepted a 120-Day

On October 2, 2009, Allen Jewelry Company accepted a 120-day, 10% note for $2,400 in settlement of an overdue account receivable. Interest revenue was accrued on December 31, 2009. Allen receives the maturity value of the note (the original principle plus all of the interest) on the due date. Which of the following credits will be included in the entry to record the receipt of the maturity value of the note on the due date?

A) A $20 credit to Interest receivable
B) A $80 credit to Interest receivable
C) A $20 credit to Interest revenue
D) A $80 credit to Interest revenue