On April 1, 2022, Aggie Company borrowed $120,000 on a bank note for 7 months. The bank discounted the note at 4%. The entry to record the payment of this note on October 31, 2022 would include a debit to interest payable for $2,800 credit to note payable for $120,000 debit to interest expense for $4,800 credit to discount for $2,800 credit to cash for $117,200