Wull Associates Sold a Piece of Equipment to Coral Company

Wull Associates sold a piece of equipment to Coral Company on April 1, 2018, for $500,000. Wull agreed to accept a 9-month note with 8% interest (current market rate) due on its maturity date, December 31, 2018. Wull's journal entry to record the receipt of the note on April 1, 2018, will include a ________.

A) credit to Cash for $500,000
B) debit to Cash for $500,000
C) credit to Note Receivable for $500,000
D) debit to Note Receivable for $500,000