On November 15,2013,Betty Corporation Accepted a Note Receivable in Place $$\begin{array} { | l | r | r | } \hline \text { Cash } & 138,460.00 & \\\hline \text { Notes Receivable } & & 138,460.00 \\\hline\end{array}$$

On November 15,2013,Betty Corporation accepted a note receivable in place of an outstanding accounts receivable in the amount of $138,460.The note is due in 90 days and has an interest rate of 7.5%.What is the appropriate journal entry to record at maturity?

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 138,460.00 & \\\hline \text { Notes Receivable } & & 138,460.00 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Notes Receivable } & 138,460.00 & \\\hline \text { Accounts Receivable } & & 138,460.00 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Notes Receivable } & 138,460.00 & \\\hline \text { Interest Revenue } & 2,596.13 & \\\hline \text { Cash } & & 141,056.13 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 138,460.00 & \\\hline \text { Interest Receivable } & 1,298.06 & \\\hline \text { Notes Receivable } & & 139,758.06 \\\hline\end{array}$$
E) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 141,056.12 & \\\hline \text { Interest Revenue } & & 1,298.06 \\\hline \text { Interest Receivable } & & 1,298.06 \\\hline \text { Notes Receivable } & & 138,460.00 \\\hline\end{array}$$