On November 1, 2023, Malcolm Corporation borrowed $4,000 by issuing a 3- month, 5% note payable....

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On November 1, 2023, Malcolm Corporation borrowed $4,000 by issuing a 3- month, 5% note payable. The journal entry to record issuance of the note by Malcolm would include O a. a debit to Interest Expense for $200. O b. a credit to Cash for $4,000. O c. a credit to Interest Payable for $50. Od. a credit to Note Payable for $4,000. Clear my choice On November 1, 2023, Malcolm Corporation borrowed $4,000 by issuing a 3- month, 5% note payable. The journal entry to record issuance of the note by Malcolm would include O a. a debit to Interest Expense for $200. O b. a credit to Cash for $4,000. O c. a credit to Interest Payable for $50. Od. a credit to Note Payable for $4,000. Clear my choice