Entries for Discounted Note Payable A business issued a 30-day note for $72,000 to a creditor on account. The note was discounted at 7%. Assume a 360-day year. a. Journalize the entry to record the issuance of the note. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". Accounts Payable _________?___________ ___________0__________ Interest Expense ________420__________ ___________0__________ Notes Payable _________0___________ ___________?__________ THank you