On December 1, 2019, Susan Company Accepts a $24,000, 90

On December 1, 2019, Susan Company accepts a $24,000, 90 day, 8% note from a customer. If Susan Company's accounting period ends on December 31, and the note is collected on March 1, 2020, which one of the following statements will be true for Susan Company?

A) On March 1, 2020, they will credit Interest Receivable for $160
B) On December 31, 2019, they will debit Interest Income for $160
C) On December 31, 2019, they will credit Interest Receivable for $160
D) On March 1, 2020, they will credit Interest Income for $160