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