On March 1, Degree issues a SAR 102,000,four-month,zero-interest-bearing note to First Bank. The present value of the note is SAR 100,000. The journal entry to record this transaction will include:

A. 100,000 Debit to Notes Payable.

b.102,000 Credit to Notes Payable.

C. 102,000 Debit to Notes Payable.

d.100,000 Credit to Notes Payable.