On January 1, 20XX Banco Popular agreed to lend $100,000 to the company B&A Inc. through a promissory note (note payable) with the following terms: $100,000, annual interest rate of 12% and maturity in 9 months. Determine the journal entry that the company B&A Inc. must make on January 1, 20XX to record the issuance of the promissory note.

a. Debit to Cash for $100,000 and Interest Expense for $9,000 and Credit to Notes Payable for $109,000}

b. Debit to Cash for $100,000 and Interest Expense for $9,000 and Credit to Notes Payable for $100,000 and Interest Payable for $9,000

c. Debit to Interest Expense for $9,000 and Cash for $91,000 and credit to Notes Payable for $100,000

d. Debit to Cash for $100,000 and Credit to Notes Payable for $100,000