When a promissory note is issued, you would expect to find:
A.
Notes payable in the financial statements of the payee of the note throughout the life of the note, but interest expense only when interest payments are made.
B.
Notes receivable in the financial statements of the maker of the note throughout the life of the note, but interest revenue only when interest payments are received.
C.
Notes payable and interest expense in the financial statements of the maker of the note throughout the life of the note.
D.
Notes receivable and interest revenue in the financial statements of the maker of the note throughout the life of the note.