Jasper Makes a $25,000,90-Day,7% Cash Loan to Clayborn Co

Multiple Choice

Jasper makes a $25,000,90-day,7% cash loan to Clayborn Co.Jasper's entry to record the transaction should be:

A) Debit Notes Receivable for $25,000;credit Cash $25,000.
B) Debit Accounts Receivable $25,000;credit Notes Receivable $25,000.
C) Debit Cash $25,000;credit Notes Receivable for $25,000.
D) Debit Notes Payable $25,000;credit Accounts Payable $25,000.
E) Debit Notes Receivable $25,000;credit Sales $25,000.