A company is preparing to make a purchase. The company borrows $3,000 cash from the bank with the note payable in 6 months. How should the accounting for this purchase be recorded in the general ledger of a double-entry system?

Credit the right-side of Cash, and Debit the left-side of Notes 

Payable Credit the left-side of Cash, and Debit the right-side of Notes 

Payable Debit the left-side of Cash, and Credit the right-side of Notes 

Payable Debit the right-side of Cash, and Credit the left-side of Notes Payable