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1. Moss County Bank agrees to lend the Sadowski Brick Company $300,000 on January 1. adowski Brick Company signs a $300,000, 6%, 9-month note, what
1. Moss County Bank agrees to lend the Sadowski Brick Company $300,000 on January 1. adowski Brick Company signs a $300,000, 6%, 9-month note, what entry will Sadowski Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued (expensed but not paid) to September 30? (2 points) a. Notes Payable. b. Notes Payable. ..313,500 Cash. 313,500 ....300,000 Interest Payabl. .3,500 Cash 313,500 c. Interest Expense 13,500 Notes Payab. .300,000 ...9.000 ...4,.500 313,500 d. Interest Pyea .. Notes Payabl. Interest Expnse. Cas.. 313,500
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