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What journal entry to record the issuance of the note will

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Problem 1: Match Group issued a 90-day zero-interest-bearing note with a face amount of $3,000. The present value of the note is $2,855. The journal entry to record the issuance of the note will include it of

Select one:

a. a debit to Interest Expense for $145.

b. a debit to Cash for $2,855.

c. None of these answers are correct.

d. a credit to Notes Payable for $2,855.

Reference no: EM132680890

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