Quest 20 (2 points) On December 1, McGonagall Inc. received a 90-day note for $30,000 from Flitwick Limited when McGonagall sold merchandise to Flitwick. The note bears interest at 6% and is due along with all interest applicable to the note on February 1. Both McGonagall Inc. and Flitwick Corp. have year ends on December 31 and make adjusting entries at that time. On March 1, when McGonagall Inc. receives payment for the note and related interest, it will record a journal entry that will include: A debit to interest revenue for $150. A credit to interest revenue for $300. A credit to interest receivable for $450. A debit to cash for $30,300. A debit to interest receivable for $150.