Explain SHOW WORK 13.  Herbert First National Bank agrees to lend Newton Company $30,000 on April 1, if Newton signs a four-month (120-day), 9% interest note. Newton Company will make which of the following entries on April 1 after agreeing to the terms of the loan?

a.   Cash……… ………………………………………………………………..             30,000

                   Notes Payable ………………………………………………….                                           30,000

b.   Interest Receivable ……………………………………………………                   225

                   Interest Revenue ………………………………………………                                                 225

c.    Cash …………………………………………………………………….. 225

                   Interest Revenue ………………………………………………                                                 225

d.   Interest Expense ………………………………………………………                   900

                              Interest Payable                                                                                                                          900