Xia Company Purchased Supplies for $42,000 on Credit on January

Multiple Choice

Xia Company purchased supplies for $42,000 on credit on January 1, 2019. On January 15, the company made a cash payment of $12,000 to the supplier, and signed a one-year note for the remaining amount to settle the account.
Xia Company's journal entry on January 15 will include:

A) Debit Cash for $30,000
B) Debit Notes Payable for $30,000
C) Credit Accounts Payable for $30,000
D) Credit Notes Payable for $30,000