On November 10,Twister Rides Issued a 12%,60-Day,$10,000 Promissory Note

Multiple Choice

On November 10,Twister Rides issued a 12%,60-day,$10,000 promissory note.Twister should record the payment of the note on the maturity day as:

A) debit Notes Payable $10,200;credit Cash $10,200.
B) debit Notes Payable $10,000;debit Interest Expense $200;credit Cash $10,200.
C) debit Notes Payable $10,000;debit Interest Payable $200;credit Cash $10,200.
D) debit Notes Payable $10,000;credit Cash $10,000.