On October 1, 2018, Wonderland, Inc. lent $2,400 to Alice Lewis on a 6-month 4% promissory note. The journal entry to record the note for Wonderland, Inc. would be to:
A) debit Note Receivable/A Lewis, $2,400; credit Cash, $2,400.
B) debit Note Receivable/A Lewis, $2,448; credit Cash, $2,448.
C) debit Note Receivable/A Lewis, $48; credit Interest Income, $48.
D) debit Cash, $2,400; credit Note Payable/A Lewis, $2,400.
A) debit Note Receivable/A Lewis, $2,400; credit Cash, $2,400.
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