Giorgio Italian Market Bought $4,000 Worth of Merchandise from Food

Multiple Choice

Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day,6% promissory note for the $4,000.Food Supplier's journal entry to record the collection on the maturity date is:

A) Debit Cash $4,060;credit Notes Receivable $4,060
B) Debit Notes Receivable $4,000;credit Cash $4,000
C) Debit Cash $4,000;debit Interest Receivable $60;credit Sales $4,000
D) Debit Notes Receivable $4,060;credit Sales $4,060
E) Debit Cash $4,060;credit Interest Revenue $60;credit Notes Receivable $4,000