Kobe Company Provided Consulting Service to a Client on January

Multiple Choice

Kobe Company provided consulting service to a client on January 1, and billed them for $15,000. On February 1, the client made cash payment of $8,000 and signed a note for $7,000 to settle the account.
What is Kobe Company's entry on February 1?

A) Increase Cash 8,000; Increase Accounts Receivable 7,000; decrease Notes Receivable 15,000
B) Decrease Accounts Payable 15,000; increase Notes Payable 7,000; decrease Cash 8,000
C) Increase Cash 8,000; increase Notes Receivable 7,000; increase Consulting Revenue 15,000
D) Increase Cash 8,000; increase Notes Receivable 7,000; decrease Accounts Receivable 15,000