On October 1, you borrow $200,000 for 10 years at 7% interest in order to build a new facility. In April and again in October of the following year, you pay half the annual interest to your creditors. The journal entry to record the issuance of the promissory note should:\ Multiple Choice\ debit notes payable $200,000; debit interest expense $14,000; credit cash $200,000; credit interest payable $14,000.\ debit cash $200,000; debit interest expense $14,000; credit notes payable $200,000; credit interest payable $14,000.\ debit cash $200,000; credit notes payable $200,000.