Milan Tyers Has an Account Receivable for $18 000 from Sunderland

Milan Tyers has an account receivable for $18 000 from Sunderland Ltd that is overdue. Sunderland requests a 60-day extension of the payment date and Milan Tyers agrees by accepting a fixed 60-day, 14% promissory note in exchange for the accounts receivable. Milan Tyers makes which entry to record the collection of the promissory note from Sunderland including interest?

A) Debit cash $18 414.25; debit unearned interest $414.25; credit bills receivable $18 414.25, credit interest revenue $414.25
B) Debit cash $18 414.25; credit accounts receivable $18 414.25
C) Debit cash $18 414.25; credit bills receivable $18 414.25
D) Debit cash $18 414.25; credit bills receivable $18 000; credit interest revenue $414.25