On December 1,Victoria Company Signed a 90-Day,6% Note Payable,with a Face

Multiple Choice

On December 1,Victoria Company signed a 90-day,6% note payable,with a face value of $15,000.What is the journal entry to record the issuance of the note on December 1?

A) Debit Cash,$15,225; Credit Notes Payable,$15,000,Credit Interest Payable,$225.
B) Debit Cash,$15,000; Credit Notes Payable,$15,000.
C) Debit Cash,$15,000; Debit Interest Expense,$225; Credit Notes Payable,$15,225.
D) Debit Cash,$15,000; Debit Interest Expense,$75; Credit Notes Payable,$15,075.
E) Debit Cash,$15,000; Debit Interest Expense,$75; Credit Notes Payable,$15,000; Credit Interest Payable,$75.