On October 12, 2020, Lily Demore borrows money from Casa Bank to purchase inventories. A $10,000, six-month, 6% note payable is issued. What is the journal entry to record the transaction?

Select one:

a. Debit Cash $10,000, Credit Interest Payable $10,000

b. Debit Cash $10,000, Credit Accounts Payable $10,000

c. Debit Accounts Payable $10,000, Credit Notes Payable $10,000

d. Debit Cash $10,000, Credit Notes Payable $10,000