Mitchell Industries sold a 100-passenger airplane for $2,800,000, receiving a $500,000 down payment and a 7% note for the balance.

Please prepare the journal entry to record this sale.

(a)

Cash	2,300,000
Notes receivable	500,000
Sales revenue		2,800,000

(b)

Cash	500,000
Notes receivable	2,300,000
Sales revenue		2,800,000

(c)

Cash		2,300,000
Notes receivable		500,000
Sales revenue	2,800,000

(d)

Cash		500,000
Notes receivable		2,300,000
Sales revenue	2,800,000