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On May 1, 2019, Mary Smith signad a $5,000 prcmisscry nota with Continantal Bank Tha nota is dua in ona yaa hi wih 6% interest

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On May 1, 2019, Mary Smith signad a $5,000 prcmisscry nota with Continantal Bank Tha nota is dua in ona yaa hi wih 6% interest What journal entry should Continantal Bank praparc on May 1,2019 O A. Debir Cash far $5,000 and credt Notas Payabla for $5,000 O B. Debi Notes Receivable tor S5,000 and credit Cash for 55,000 () C. Debit Notes Receivable for $5,300 and credit Cash for $6,300 O D. Debit Cash for S5,300 and credt Accounts Receivable for $5,300

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