On September 1,2013,Sharp Corp

On September 1,2013,Sharp Corp.lent $2,400 to Marla Smith on a 6-month 8% promissory note.The journal entry to record the note for Sharp Corp.would be to:

A) debit Note Receivable/M Smith,$2,400;credit Cash,$2,400.
B) debit Note Receivable/M Smith,$2,496;credit Cash,$2,496.
C) debit Note Receivable/M Smith,$96;credit Interest Income,$96.
D) debit Cash,$2,400;credit Note Payable/M Smith,$2,400.

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