On August 9, Alice Paid $3,568 to Cyrus Corp

Multiple Choice

On August 9, Alice paid $3,568 to Cyrus Corp. to fulfill her promissory note agreement. Of the $3,568, $400 is interest. The journal entry Cyrus Corp. will record is to:

A) debit Cash, $3,568; credit Note Receivable/Alice, $3,568.
B) debit Cash, $3,568; credit Note Receivable/Alice, $3,168; credit Interest Revenue, $400.
C) debit Note Receivable/Alice, $3,568; credit Cash $3,168; credit Interest Revenue, $400.
D) debit Note Receivable/Alice, $3,568; credit Cash $3,568.