dropdown Discounted Note Payable A business issued a 90-day note for $54,000 to a bank. The note was discounted at 9%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. If necessary, round to nearest whole dollar. Accounts Payable x Interest Expense 1,215 Notes Payable 54,000 Feedback Check My Work b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Notes Payable 54,000 Cash 54,000 Feedback