Madison Bank lends Neenah Paper Company $120,000 on January1, 2017. Neenah signs a $120,000, 5%, 6month note. The journal entry made by Neenah on January1, 2017 willdebit:

A.

Cash for $120,000 and credit Notes Payable for $120,000.

B.

Cash for $114,000 and credit Note Payable for $114,000.

C.

Interest Expense for $6,000 and credit Cash for $6,000.

D.

Interest Expense for $6,000 and credit Interest Payable for $6,000.