Which of the Following Statements Is Not Correct

Multiple Choice

Which of the following statements is not correct?

A) The entry to record the issuance of a promissory note includes a credit to Interest Payable for the amount of interest that will accrue on the note until it is paid at maturity.
B) The Notes Payable account is always debited or credited for the face value of a note.
C) The entry to record the issuance of a promissory note includes a credit to the Notes Payable account.
D) The entry to credit the payment of a note payable includes a debit to the Notes Payable account.