Music World Sold $7,800 in Electronic Components to Jax Recording

Multiple Choice

Music World sold $7,800 in electronic components to Jax Recording Studio. Jax signed a 60-day, 8% promissory note for $7,800. Music World's journal entry to record the sales transaction is:

A) Debit Accounts Receivable $7,800; credit Sales $7,800
B) Debit Accounts Receivable $7,904; credit Sales $7,904
C) Debit Notes Receivable $7,800; credit Sales $7,800
D) Debit Notes Receivable $7,904; credit Sales $7,904
E) Debit Notes Receivable $7,800; debit Interest Receivable $104; credit Sales $7,904