Chico Company borrowed $$40,000$ on a four$-$year, $8\%$ installment note. How will Chico record the issuance of this note?

Multiple Choice

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cash$,36,800,],[$Discount on notes payable,$3,200,],[$Notes payable,,$40,000]]$

$\backslash$table$[[,$ Account Title,Debit,Credit$],[$Cash$,40,000,],[$Interest payable,,$3,200],[$Notes payable,,$36,800]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cash$,43,200,],[$Notes payable,,$43,200]]$

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cash$,40,000,],[$Notes payable,,$40,000]]$

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