Martinez Co. borrowed $48,000 on March 1 of the current year by signing a 60-day, 5%, interest-bearing note. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include a Round your answer to the nearest whole dollar. Oa. debit to Interest Payable for $400 Ob. debit to Interest Expense for $400 Oc. credit to Cash for $48,000 Od. credit to Cash for $50,400