4. Magnum Skates bought display racks with a fair market value of $50,000. The company signed a 3-year interest-bearing note at 8%. The entry to record the transaction would include: OA. A debit to Notes Payable for $50,000. B. A debit to Interest Expense for $400. OC. A credit to Notes Payable for $50,000. D. A credit to Discount on Notes Payable for $10,308. OE. A credit to Store Equipment for $39,692