10% interest-bearing note. The note requires annual interest a pincipal payment at maturity. Hartnett will record the issuance of this note with the following 8. Hartnett Co. borrowed $50,000 on a four-year, entry: Cash 50,000 Discount on Notes Payable Notes Payable 24,000 26,000 A. Cash 50,000 Notes Payable Interest Payable 30,000 20,000 B. Cash 50,000 Notes Payable 50,000 C. Cash 55,000 55,000 Notes Payable D