On August 1, a $50,400, 8%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $19,556.89. The entry to record the first payment on July 31 would include: Multiple Choice Credit to Cash $15,524.89 Credit to Notes Payable of $19,556.89 Debit to Cash of $19,556.89. Debit to Interest Expense of $4,032.00. O Debit to Notes Payable of $19,556.89