Electron Borrowed $75,000 from TechCom by Signing a Promissory Note

Multiple Choice

Electron borrowed $75,000 from TechCom by signing a promissory note and pledging $85,000 in accounts receivable as security. TechCom's entry to record the transaction should include a

A) Debit to Notes Receivable for $75,000
B) Debit to Accounts Receivable for $75,000
C) Credit to Notes Receivable for $75,000
D) Debit Notes Payable for $75,000
E) Credit to Sales for $75,000