On January 1, Roger Company borrowed $165,000,10-year, 7% installment note from Main Street Bank. There are annual payments of $23,492, with the first payment due December 31. The first payment includes interest of $11,550 and principal repayment of $11,942. The journal entry to record the payment would include a A. debit to cash for $11,942 B. credit to interest payable for $11,550 C. debit to interest expense for $23,492 D. debit to notes payable for $11,942