Assume That on December 1,a Note Which Has a Face $\begin{array}{llr} \text { Notes receivable} &1,000\\ \text { Cash } &&1,000\\\end{array}$

Assume that on December 1,a note which has a face value of $1,000,bears interest at 6 percent for 90 days,received from a customer as an extension of his of past - due account is honored on due date.The entry that would be made to record the receipt on due date (ignoring interest) is:

A)
$\begin{array}{llr} \text { Notes receivable} &1,000\\ \text { Cash } &&1,000\\\end{array}$

B)
$\begin{array}{llr} \text {Accounts receivable } &1,000\\ \text { Cash } &&1,000\\\end{array}$

C)
$\begin{array}{llr} \text { Accounts receivable } &1,000\\ \text { Notes receivable } &&1,000\\\end{array}$

D)
$\begin{array}{ll}\text { Cash } & 1,000 \\\text { Notes receivable }&& 1,000 \end{array}$