Catherine, Inc. borrowed $62,000 from a bank, depositing those funds in its bank account and signing a formal agreement to repay the loan in two years. What is the correct journal entry for this transaction? Multiple Choice O Debit notes payable and credit cash for $62,000 Credit notes payable and credit cash for $62,000 Debit cash and credit notes payable for $62,000 O Debit notes payable and debit cash for $62,000