Your Company Converted an Existing Account Receivable in the Amount

Your company converted an existing account receivable in the amount of $5,000 to a note receivable to allow an extended payment period.The note is due in one year and includes an annual interest rate of 5%.The customer repays the principal at the maturity date.The entry to record the receipt of the principal includes a debit to:

A) Cash and credit to Notes Receivable.
B) Notes Receivable and credit to Accounts Receivable.
C) Cash and credit to Interest Receivable.
D) Notes Receivable and credit to Cash.