Question: On May 2 2 , Jarrett Company borrows $ 9 , 1 0 0 , signing a 9 0 - day, 8 % , $

On May 22, Jarrett Company borrows $9,100, signing a 90-day, 8%,$9,100 note. What is the journal entry made by Jarrett Company to record the transaction?
Multiple Choice
Debit Cash $9,100; credit Accounts Payable $9,100.
Debit Accounts Payable $9,100; credit Notes Payable $9,100.
Debit Cash $9,282; credit Notes Payable $9,282.
Debit Cash $9,100; credit Notes Payable $9,100.
Debit Notes Receivable $9,100; credit Cash $9,100.
On May 2 2 , Jarrett Company borrows $ 9 , 1 0 0

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