The journal entry used to record the payment of a discounted note is A debit Notes Payable and Interest Expense; credit Cash B debit Cash; credit Notes Payable C debit Accounts Payable;credit Cash D debit Notes Payable;credit Cash

The correct journal entry to record the payment of a discounted note is:<br /><br />A) Debit Notes Payable and Interest Expense; credit Cash<br /><br />This entry reflects the reduction of the liability (Notes Payable) and the recognition of the interest expense incurred, with a corresponding decrease in cash.