Question 2 Smart Co. purchased land by issuing a note payable. The journal entry to record this transaction would require a: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a debit to land and a credit to notes payable. debit to notes payable and a credit to land. debit to land and a debit to notes payable. d credit to land and a credit to notes payable