1. A bank loaned York Construction Company $35,000 on a one-year, 6% note, but deducted the interest in advance. The journal entry made by York to record receipt of the cash would include a(n)

   a.increase in cash for $35,000.

   b.increase in interest revenue for $2,100.

   c.increase in discount on notes payable for $2,100.

   d.decrease in notes payable for $32,900.