1 pts In March 2022, Mack Corporation signed a discounted note payable agreeing to pay Bank of America $10.400 in six months (in September 2022). As part of the deal, Mack received $10,000 from the bank. On the day Mack signed the note, what is one effect on Mack's accounts? O The Notes Payable account increased by $10,400. O The Discount on Notes Payable account decreased by $400. The Interest Expense account increased by $400. The Notes Payable account increased by $10,000. Previous Next