The journal entry to issue a promissory note for a company lending $7,000 for one year at an annual interest rate of 12% would be: A. Debit Cash for $7,000, credit Notes Receivable for $7,000. B. Debit Notes Receivable for $7,000, credit Cash for $7,000. C. Debit Cash for $7,840, credit Notes Receivable for $7,000 and Interest Revenue for $840. D. no entry is needed