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39. On December 1, 2019 Zingo Inc. made a $100,000 payment to Big Boy Banking. The payment was for a $90,000 loan that Zingo received

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39. On December 1, 2019 Zingo Inc. made a $100,000 payment to Big Boy Banking. The payment was for a $90,000 loan that Zingo received from Big Boy, 6 months ago. Which option below best represents the recording of this transaction for Zingo? Debit cash $100,000; credit notes payable $100,000 Debit interest expense $10,000; debit notes payable $90,000; credit cash $100,000 Debit notes payable $100,000; credit cash $100,000 Debit interest expense $10,000; debit notes payable $100,000; credit cash $90,000

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