Arnold Company issues a 5-year, 9% installment note for $23,000 to County Bank. Annual payments are $5,913. The journal entry to record the issuance of the installment note payable would include a 

a. credit to Interest Payable for $2,070. 

b. debit to Cash for $23,000. 

c. credit to Notes Payable for $25,070. 

d. credit to Cash for $23,000