Monthly Payment of Interest-Bearing Note Payable A business issued, and recorded, a 5-year Note Payable on August 1. The following Journal Entry will be made by the business on August 31, when making the first payment A (debit/credit) will (debit/credit) will (increase/decrease) the Interest Expense account. A A (debit/credit) will (increase/decrease) the Notes Payable account. (increase/decrease) the Cash account. In this problem, Notes Payable appears in the section of the (Financial Statement). Moving to another question will save this response 80 28 ** 17 43 74 31 dtv A ST 88 Dil DO 2 8: 02 Queton 1 of 32 9 GE 1 + 813