Contributor Enterprise borrowed$2,400 on February1, 2012. All interest has been paid and properly recorded for separately. On March31, 2012, the company repaid the loan. Which of the following is the journal entry to be made at the time of the loanrepayment?

A.

Dr.

Cr.

Cash

2,400

Notes Receivable

2,400

B.

Dr.

Cr.

Cash

2,400

Notes Payable

2,400

C.

Dr.

Cr.

Notes Payable Expense

2,400

Cash

2,400

D.

Dr.

Cr.

Notes Payable

2,400

Cash

2,400

E.

Dr.

Cr.

Cash

2,400

Notes Payable Expense

2,400