On May 22, Jarrett Company borrows $8,700, signing a 90 -day, 8%,$8,700 note. What is the journal entry made by Jarrett Company to record the transaction? Multiple Choice Debit Cash \$8,700; credi Accounts Payable $8,700 Debit Accounts Payable $8,700, credt Notes Payable $8,700 Debit Cash \$8,874, Credi Notes Payable \$8,874. Debit Cosh 58,700, crede Notes Poyable $8,700 Debit Notes Receivable 58,700; credit Cash 58,700