14. Clark Company borrowed from S herman Company by signing a $4,000, 60-day, 9% note dated April 1. If Clark Company pays the note at maturity, what entry should Clark Company make for both the paymen of interest and note at maturity? A) Cash 4,360 Interest income Notes receivable 360 4,000 4,000 360 B) Notes payable Interest expense 4,360 Cash 4,060 C) Cash Interest income Notes receivable 60 4,000 D) Notes payable 4,000 60 Interest expense 4,060 Cash