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4 points Save Answer QUESTION 46 Fog County Bank agrees to lend the Strong Brick Company $500,000 on January 1. Strong Brick Company signs a
4 points Save Answer QUESTION 46 Fog County Bank agrees to lend the Strong Brick Company $500,000 on January 1. Strong Brick Company signs a $500,000, 6%, 9-month note. The entry made by Strong Brick Company on January 1 to record the proceeds and issuance of the note is A. Interest Expense 22,500 Cash 477,500 Notes Payable 500,000 500,000 22,500 B. Cash Interest Expense Notes Payable nte est Payable 500,000 22,500 500,000 C. Cash Notes Payable 500,000 D. Cash 500,000 22,500 Interest Expense Notes Payable 522,500
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