On May 22, Jarrett Company borrows $7700, signing a 90-day, 8%, $7.700 note. What is the journal entry made by Jarrett Company to record the transaction? O Debit Cash $7,700; credit Accounts Payable $7700. Debit Accounts Payable $7,700; credit Notes Payable $7,700. O Debit Cash $7,854 credit Notes Payable $7,854 Debit Cash $7,700; credit Notes Payable $7,700. O Debit Notes Receivable $7,700; credit Cash $7.700