A Note Renewed at Maturity Would Have the Following Effects

Multiple Choice

A note renewed at maturity would have the following effects for a seller:

A) debit to Notes Receivable (new) ; debit to Notes Receivable (old) ; credit to Cash; credit to Interest Income.
B) debit to Notes Receivable (old) ; debit to Cash; debit to Notes Receivable (new) ; credit to Interest Income.
C) debit to Notes Receivable (new) ; debit to Cash; credit to Notes Receivable (old) ; credit to Interest Income.
D) debit to Notes Receivable (old) ; debit to Interest Income; credit to Notes Receivable (new) ; credit to Cash.