Samco signed a 15-year note payable on January 1, 2024, of $1,350,000. The note requires annual principal payments each December 31 of $90,000 plus interest at 9%. The entry to record the annual payment on December 31, 2028, includes OA. a credit to Notes Payable for $90,000. OB. a debit to Interest Expense for $89,100. OC. a credit to Cash of $211,500. O D. a debit to Interest Expense for $121,500.

Samco signed a 15-year note payable on January 1,2024 , of $1,350,000. The note requires annual principal payments each December 31 of $90,000 plus interest at 9%. The entry to record the annuat payment on December 31,2028 , includes A. a credit to Notes Payable for $90,000. B. a debit to Interest Expense for $89,100 C. a credit to Cash of $211,500. D. a debit to Interest Expense for $121,500