Problem 12 Mid-Night Auto Supply Co.

Problem 12                  15 points

On December 16, 2013, Mid-Night Auto Supply Co. accepted a $13,500 note receivable, at 12%, due in 60 days. Note:  The note was dated December 16, 2013 (that was 15 days before the end of its annual accounting period ended).  

What journal entries would Mid-Night Auto Supply Co. make for the following date?

A)      December 16, 2013

B)      December 31, 2013

C)      February 14, 2014  (the noted is paid in full)