October 1, you barrow $200,000 in to build a new factory. The loan is for 10 years, as 7% interest, and semiannual payments are each April and October. The journal entry to record the of the pronissory note should: debit Notes payable for $200,000, debit interest Expense for $14,000, credit Cash for $200,000, and credit interest Payable for $14,000. debit Accrued interst for $14,000 and credit Cash for $14,000. debit Cash for $200,000 and credit Notes Payable for $200,000. debit Cash for $200,000, debit interest Expense for $14,000, credit Notes Payable for $200,000, and credit interest Payable $14,000