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 November 1 to record the acceptance of the note?

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 Note Receivable $10,200; credit Accounts Receivable $10,000; credit Interest Revenue $200.
E) Debit Sales $10,000; credit Accounts Receivable $10,000.