What is the correct general journal entry for Rainey Enterprises to record the loan of $30,000 to Small Company on June 1, Year 1, for one year at 9 percent interest, assuming interest is accrued annually?

A) Debit: Cash $30,000; Credit: Interest Revenue $2,700; Credit: Notes Receivable $30,000
B) Debit: Cash $30,000; Credit: Interest Revenue $2,700; Credit: Notes Payable $30,000
C) Debit: Notes Receivable $30,000; Credit: Cash $30,000
D) Debit: Notes Receivable $30,000; Credit: Interest Revenue $2,700; Credit: Cash $30,000