On November 10, Twister Rides issued a 12%, 60-day, $10,000 promissory note. Twister should record the payment of the note on the maturity day as:

A) debit Notes Payable $10,200; credit Cash $10,200.
B) debit Notes Payable $10,000; debit Interest Expense $200; credit Cash $10,200.
C) debit Notes Payable $10,000; debit Interest Payable $200; credit Cash $10,200.
D) debit Notes Payable $10,000; credit Cash $10,000.

Answer: B