The entry used to journalize the payment of an interest-bearing note is debit Cash and credit...

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The entry used to journalize the payment of an interest-bearing note is debit Cash and credit Notes Payable O debit Accounts Payable and credit Cash O debit Notes Payable and Interest Expense and credit Cash O debit Notes Payable and Interest Receivable and credit Cash The entry used to journalize the payment of an interest-bearing note is debit Cash and credit Notes Payable O debit Accounts Payable and credit Cash O debit Notes Payable and Interest Expense and credit Cash O debit Notes Payable and Interest Receivable and credit Cash