Jasper makes a $$25,000,90-$day, $6\mathrm{.}0\%$ cash loan to Clayborn Company. Jasper's entry to record the collection of the note and interest at maturity should be:

Note: Use $360$ days a year.

Multiple Choice

Debit Notes Payable $$37,000$; Debit Interest Expense $$2,220$; credit Cash $$39,220.$

Debit Cash $$37,555\mathrm{.}00$; credit Interest Revenue $$555\mathrm{.}00$; credit Notes Receivable $$37,000.$

Debit Cash for $$37,000$; credit Notes Receivable $$37,000.$

Debit Cash $$39,220$; credit Interest Revenue $$2,220,$ credit Notes Receivable $$37,000.$

Debit Cash $$37,555\mathrm{.}00$; credit Notes Receivable for $$37,555\mathrm{.}00.$