On November 1,Orpheum Company Accepted a $10,000,90-Day,8% Note from a Customer

Multiple Choice

On November 1,Orpheum Company accepted a $10,000,90-day,8% note from a customer settle an account.What entry should be made on the November 1 to record the note acceptance?

A) Debit Note Receivable $10,000;credit Cash $10,000.
B) Debit Note Receivable $10,000;credit Accounts Receivable $10,000.
C) Debit Note Receivable $10,000;credit Sales $10,000.
D) Debit Cash $10,000;credit Sales $10,000.
E) Debit Sales $10,000;credit Accounts Receivable $10,000.