TON Entries for Discounted Note Payable A business issued a 45-day note for $80,000 to a creditor on account. The note was discounted at 5%. Assume a 360-day year a. Journalize the entry to record the issuance of the note. If an amount box does not require an entry, leave it blank. a. Accounts Payable Interest Expense 5:9 X b. Journalize the entry to record the payment of the note at maturity. If an amount box does not require an entry, leave it blank. 30,000 b. Notes Payable Cash