Use This Information to Answer the Following Question $\$ 25,000$

Multiple Choice

Use this information to answer the following question. The transactions below pertain to Broyer Company,whose fiscal year ends September 30.
Sept. 10 Received cash for a 90-day, 12 percent, $\$ 25,000$ note payable. Interest is in adclition to the face value.
30 Made end-of-year adjusting entry to accrue interest expense.
The entry to record the September 10 transaction (amounts rounded) is:

A) Cash 740
Notes Payable 740
B) Cash 24,260
Accounts receivable 24,260
C) Cash 24,260
Notes Payable 24,260
D) Cash 25,000
Notes Payable 25,000