A Bank Loaned Darden Company $10,000 on a One-Year,6% Note,but

Multiple Choice

A bank loaned Darden Company $10,000 on a one-year,6% note,but deducted the interest in advance.The journal entry made by Darden to record receipt of the cash would include a(n)

A) increase in cash for $9,400.
B) increase in cash for $600.
C) decrease in notes payable for $10,600.
D) decrease in notes payable for $9,400.