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Bright Co. lends Park Co. $20,000 with a 2-month, 9% note dated January 1, 2025 The journal entry made by Bright Co. when the loan

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Bright Co. lends Park Co. $20,000 with a 2-month, 9% note dated January 1, 2025 The journal entry made by Bright Co. when the loan is made on January 1 is: O A. Debit Cash for $20,000; credit Notes Receivable $20,000 B. Debit Accounts Receivable for $20,000 credit Cash $20,000 O C. Debit Notes Receivable for $20,300; credit Interest Revenue for $300, credit Cash for $20,000 OD. Debit Notes Receivable for $20,000, credit Cash $20,000

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