Answer:
a. debit Notes Receivable for the face value of the note
Explanation:
The note will generate interest over time, but at the moment of receiving the note, it hasn't accrued any interest, so we have to only record for the value of the note today.
Also this note represent the right to claim cash from the person who sign the note, so it is an asset for the company.
Asset increase from debit side, so the Note Receivable will be debited.
