A Customer with an Overdue Account of $450 Pays $150

Multiple Choice

A customer with an overdue account of $450 pays $150 on account. Which of the following is the most appropriate journal entry to record this transaction?

A) $\begin{array} { | r | r | r | } \hline \text { Cash } & 150 & \\\hline \text { Bad debts expense } & 300 & \\\hline \text { Accounts receivable } & & 450 \\\hline\end{array}$
B) $\begin{array} { | l | r | r | } \hline { \text { Cash } } & 150 \\\hline \text { Notes receivable } & 300 & \\\hline \text { Accounts receivable } & & 450 \\\hline\end{array}$
C) $\begin{array} { | c | r | r | } \hline \text { Accounts receivable } & 450 & \\\hline \text { Cash } & & 450 \\\hline\end{array}$
D) $\begin{array} { | l | r | r | } \hline \text { Cash } & 150 & \\\hline \text { Accounts receivable } & & 150 \\\hline\end{array}$