Question: When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the note will

When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the note will include either a debit to Discount on Notes Receivable or a credit to Premium on Notes Receivable. credits to Notes Receivable and Interest Receivable. a debit to cash and a credit to Notes Receivable for the face amount of the note. either a credit to Discount on Notes Receivable or a debit to the Premium on Notes Receivable

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