2. Martinez Co. borrowed $50,000 on March 1 of the current year by signing a 60-day, 9 interest-bearing note. Assuming a 360-day record the payment should include a year, when the note is paid on April 30, the entry to a. debit to Interest Payable for $750 b. debit to Interest Expense for $750 c. credit to Cash for $50,000 d. credit to Cash for $54,500 3. Assuming a 360-day year, when a $50,000, 90-day, 9% interest-bearing note payable matures, total payment (including interest) will be a. $51,125 b. $54,500 c. $1,125 d. $4,500 rd the cnersion of a $6,300 accounts payable to a note payable