39. You issued a $54,000, four-month, 12% note payable on October 1, 2017, which of the following should you have included in your journal entry on the note's maturity date? (Round your answer to the nearest whole number.) Assume December 31 was your fiscal year end. A) a credit to Notes Payable for $56,160 B) a credit to Cash for $54,000 C) a debit to Interest expense for $540 D) a debit to interest payable for $540 40. If a long-term debt is paid in installments, the business will report the current portion of the note payable as a current liability. TRUE FALSE