Salida Company paid a note payable of $10,000 (interest had previously been paid). This transaction should be recorded as follows on the payment date.
a. Accounts payable $10,000
Cash $10,000
b. Cash $10,000
Note Payable $10,000
c. Note Payable $10,000
Cash $10,000
d. Note payable expense $10,000
Cash $10,000
e. None of the above is correct.