On August 1,

20182018,

AvonetteAvonette,

Inc., sold equipment and accepted a six-month,

99%,

$ 50 comma 000$50,000

note receivable.

AvonetteAvonette's

year-end is December 31. Which of the following accounts will

AvonetteAvonette

credit in the journal entry at maturity on February 1,

20192019,

assuming collection in full?

A.

Cash

B.

Note Payable

C.

Interest Payable

D.

Interest Receivable