On October 1, you borrow $210,000 in order to build a new facility. The loan is for 10 years, at 7% interest, and semiannual interest payments are due each April and October The journal entry to record the issuance of the promissory note should: Multiple Choice debit Accrued Interest for $14,700 and credit Cash for $14,700. debit Notes Payable for $210.000 debit Interest Expense for $14,700, credit Cash for $210,000, and credit interest Payable for $14.700. debit Cash for $210.000 and credit Notes Payable for $210.000. debit Cash for S210,000 debit interest Expense for $14,700, credit Notes Payable for $210,000, and credit interest Payable $14700