On February 1, 2015, Sanger Corp. lends cash and accepts a $8,500 note receivable that offers 12% interest and is due in six months. What would Sanger record on August 1, 2015, when the borrower pays Sanger the correct amount owed? (Do not round intermediate calculations.)
Cash 9,010
Interest Revenue 340
Notes Receivable 8,670
Cash 8,500
Notes Receivable 8,500
Cash 9,010
Interest Revenue 510
Notes Receivable 8,500
Cash 9,010
Notes Receivable 9,010
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