Winkler Company Borrows $85,000 and Pledges Its Receivables as Security

Winkler Company borrows $85,000 and pledges its receivables as security. The journal entry to record this transaction would be:

A) Debit Cash $85,000 and credit Notes Payable $85,000.
B) Debit Cash of $85,000 and credit Accounts Receivable $85,000.
C) Debit Cash of $85,000 and credit Accounts Payable $85,000.
D) Debit Accounts Receivable $85,000 and credit Notes Payable $85,000.
E) Debit Note Receivable $85,000 and credit Accounts Receivable $85,000.