Question: to record the frst instalment payment will include a A fve-year, 3%, $102400 note payable is issued on January 1. Terms include equal annual instalment

to record the frst instalment payment will include a A fve-year, 3%, $102400 note payable is issued on January 1. Terms include equal annual instalment payments of $22360.The entry A. credit to Notes Payable of$22360. B. debit to Notes Payable of$19288. C. credit to lnterest Expense of$3072 D. debit to Cash of$22360

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