On December 1,Victoria Company Signed a 90-Day,6% Note Payable,with a Face

question 82

Multiple Choice

On December 1,Victoria Company signed a 90-day,6% note payable,with a face value of $15,000.What is the journal entry to record the issuance of the note on December 1?

• A)Debit Cash,$15,225; Credit Notes Payable,$15,000,Credit Interest Payable,$225.
• B)Debit Cash,$15,000; Credit Notes Payable,$15,000.
• C)Debit Cash,$15,000; Debit Interest Expense,$225; Credit Notes Payable,$15,225.
• D)Debit Cash,$15,000; Debit Interest Expense,$75; Credit Notes Payable,$15,075.
• E)Debit Cash,$15,000; Debit Interest Expense,$75; Credit Notes Payable,$15,000; Credit Interest Payable,$75.

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