a note receivable with a face value of 10 000 was received from a customer in connec 610316

A note receivable with a face value of $10,000 was received from a customer in connection with a sale of merchandise on October 1, 2014. The note has a stated interest rate of 12% and the principal and interest are both due on October 1, 2015. An appropriate adjusting entry was made on December 31, 2014, the end of the annual accounting period. No reversing entry was recorded on January 1, 2015. The journal entry to record the collection of the principal plus interest on October 1, 2015 will involve a credit to:

1. Notes Receivable for $11,200.
2. Interest Revenue for $1,200.
3. Interest Revenue for $900.
4. Cash for $11,200.