The journal entry to issue a promissory note for a company lending $$7,000$ for one year at an annual interest rate of $6\%$ would be:

A$.$ Debit Notes Receivable for $$7,000,$ credit Cash for $$7,000.$

B$.$ Debit Cash for $$7,000,$ credit Notes Receivable for $$7,000.$

C$.$ Debit Cash for $$7,420,$ credit Notes Receivable for $$7,000$ and Interest Revenue for $$420.$

D$.$ no entry is needed.