On May 1, 2022, Mary Smith signed a 15,000 promissory note with Continental Bank. The note is due in one year with 8% interest. What journal entry should Continental Bank prepare on May 1, 2022?

A. Debit Cash for $15,000 and credit Notes Payable - Mary Smith for $15,000. B. Debit Notes Receivable - Mary Smith for $15,000 and credit Cash for $15,000. C. Debit Cash for $16,200 and credit Accounts Receivable - Mary Smith for $16,200 D. Debit Notes Receivable - Mary Smith for $16,200 and credit Cash for $16,200