Assume That on December 1,a $3,000,90-Day,10 Percent Note Receivable Was $\begin{array}{l}\text { Notes receivable }&3,000 \\\text { Cash }&&3,000\end{array}$

Assume that on December 1,a $3,000,90-day,10 percent note receivable was received from a customer as an extension of his of past - due account.The entry that would be made to record the note is:

A)
$\begin{array}{l}\text { Notes receivable }&3,000 \\\text { Cash }&&3,000\end{array}$

B)
$\begin{array}{ll}\text { Notes receivable } & 3,000 \\\text { Interest Income account }&&3,000\end{array}$

C)
$\begin{array}{llr} \text { Notes receivable } &3,000\\ \text { Accounts receivable} &&3,000\\\end{array}$

D)
$\begin{array}{l}\text { Cash } &3,000\\\text { Accounts receivable }&&3,000\end{array}$