Jasper makes a exist25,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be Debit Notes Receivable for exist25,000: credit Cash exist25,000 Debit Accounts Receivable exist25,000: credit Notes Receivable exist25,000. Debit Cash exist25,000: credit Notes Receivable for exist25,000. Debit Notes Payable exist25,000: credit Accounts Payable exist25,000. Debit Notes Receivable exist25,000: credit Sales exist25.000