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 collection of the note and interest at maturity should be:

A) Debit Cash for $25,000;credit Notes Receivable $25,000.
B) Debit Cash $25,437.50;credit Interest Revenue $437.50;credit Notes Receivable $25,000.
C) Debit Cash $25,437.50;credit Notes Receivable for $25,437.50.
D) Debit Notes Payable $25,000;Debit Interest Expense $1,750;credit Cash $26,750.
E) Debit Cash $26,750;credit Interest Revenue $1,750,credit Notes Receivable $25,000.