When the stated rate does not equal the market rate at the date of issuance, the entry to record the issuance of the note will include either a debit to Discount on Notes Receivable or a credit to Premium on Notes Receivable. credits to Notes Receivable and Interest Receivable. a debit to cash and a credit to Notes Receivable for the face amount of the note. either a credit to Discount on Notes Receivable or a debit to the Premium on Notes Receivable