The journal entry to record the payment of a note payable and the amount of interest owed at the maturity date involves debits to the Notes Receivable and Interest Expense accounts and a credit to the Cash account. a debit to the Notes Payable account and credits to the Interest Expense and Cash accounts. a debit to the Interest Expense account and credits to the Notes Payable and Cash accounts. debits to the Notes Payable and Interest Expense accounts and a credit to the Cash account