Buyer Company Asks to Extend Its Past Due $600 Account

Buyer Company asks to extend its past due $600 account payable to Seller Company.Seller Company agrees to accept $100 cash and a 60-day,12%,$500 note payable to replace the account payable.How does Buyer Company record this event in the general journal?

A) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 600 & \\\hline \text { Cash } & & 100 \\\hline \text { Notes Payable } & & 500 \\\hline\end{array}$$ 00 Notes Payableompany record this event in the general journal?
B) $$\begin{array} { | l | r | r | } \hline \text { Notes Payable } & 500 & \\\hline \text { Cash } & 100 & \\\hline \text { Accounts Payable } & & 600 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 100 & \\\hline \text { Accounts Payable } & & 100 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 100 & \\\hline \text { Cash } & & 100 \\\hline\end{array}$$
E) Buyer Company has no entry to record for this transaction.