Maniar, Inc. received a $32,000 30-day, 9% note dated December 21, 2016 from Lekas Company. On December 31, 2016, Maniar made the necessary adjusting entry to accrue interest income on the note. Maniars entry to record payment of the note on January 20, 2017 was:

Select one:

A.

Cash

32,240

	Interest income		240
	Notes receivable		32,000

B.

Cash

32,080

	Interest income		80
	Notes receivable		32,000

C.

Cash

32,240

	Interest receivable		80
	Interest income		160
	Notes receivable		32,000

D.

Cash

32,160

	Interest income		160
	Notes receivable		32,000