If a Company Would Like to Repay a Bank Loan

Multiple Choice

If a company would like to repay a bank loan of $7,000,the bookkeeper would

A) debit Cash and credit Notes Receivable for $7,000.
B) debit Notes Receivable and credit Cash for $7,000.
C) debit Cash and credit Accounts Payable for $7,000.
D) debit Cash and credit Notes Payable for $7,000.
E) debit Notes Payable and credit Cash for $7,000.