Jasper makes a $82,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be:

• Debit Notes Receivable for $82,000; credit Cash $82,000.

• Debit Accounts Receivable $82,000; credit Notes Receivable $82,000.

• Debit Notes Payable $82,000; credit Accounts Payable $82,000.

• Debit Cash $82,000; credit Notes Receivable for $82,000.

• Debit Notes Receivable $82,000; credit Sales $82,000.