Entries for Notes Payable A business issued a 90-day, 15% note for $85,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry, leave it blank. a. Accounts Payable Notes Payable 85,000 85,000 b. Notes Payable 85,000 Interest Expense 3,187.50 X Cash 88,187.50 X