Company a and Company B Each Borrow $2,000 from the Bank.Company

Company A and Company B each borrow $2,000 from the bank.Company A signed a 60-day,12% note.Company B signed a 90-day,11% note.How will each of these companies record these events in their respective general journals on the day the money was borrowed?

A) Company A
$$\begin{array} { | l | r | r | } \hline \text { Cash } & 2,000 & \\\hline \text { Notes Payable } & & 2,000 \\\hline\end{array}$$ Company B
$$\begin{array} { | l | r | r | } \hline \text { Cash } & 2,000 & \\\hline \text { Notes Payable } & & 2,000 \\\hline\end{array}$$ 00 Notes Payableompany record this event in the general journal?
B) Company A
$$\begin{array} { | l | r | r | } \hline \text { Cash } & 2,040 & \\\hline \text { Interest Experse } & & 40 \\\hline \text { Notes Payable } & & 2,000 \\\hline\end{array}$$ Company B
$$\begin{array} { | l | r | r | } \hline \text { Cash } & 2,055 & \\\hline \text { Interest Experse } & & 55 \\\hline \text { Notes Payable } & & 2,000 \\\hline\end{array}$$
C) Company A
$$\begin{array} { | c | r | r | } \hline \text { Notes Payable } & 2,000 & \\\hline \text { Cash } & & 2,000 \\\hline\end{array}$$ Company B
$$\begin{array} { | c | r | r | } \hline \text { Notes Payable } & 2,000 & \\\hline \text { Cash } & & 2,000 \\\hline\end{array}$$
D) Company A
$$\begin{array} { | c | r | r | } \hline \text { Interest Expense } & 40 & \\\hline \text { Notes Payable } & 2,000 & \\\hline \text { Cash } & & 2,040 \\\hline\end{array}$$ Company B
$$\begin{array} { | c | r | r | } \hline \text { Interest Expense } & 55 & \\\hline \text { Notes Payable } & \mathbf { 2 , 0 0 0 } & \\\hline \text { Cash } & & 2,055 \\\hline\end{array}$$
E) . Company A
$$\begin{array} { | l | r | r | } \hline \text { Cash } & 2,040 & \\\hline \text { Notes Payable } & & 2,040 \\\hline\end{array}$$ Company B
$$\begin{array} { | l | l | l | } \hline \text { Cash } & 2,055 & \\\hline \text { Notes Payable } & & 2,055 \\\hline\end{array}$$