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Admire County Bank agrees to lend Bonita Brick Company $ 5 9 5 0 0 0 on January 1 . Bonita Brick Company signs a

Admire County Bank agrees to lend Bonita Brick Company $595000 on January 1. Bonita Brick Company signs a $595000,8%,9-month note. The entry made by Bonita Brick Company on January 1 to record the proceeds and issuance of the note is
\table[[Interest Expense,35700],[Cash,559300],[Notes Payable,595000]]
\table[[Cash,595000],[Interest Expense,35700],[Notes Payable,595000],[Interest Payable,35700]]
Cash ,595000
Notes Payable ,595000
\table[[Cash,595000],[Interest Expense,35700],[Notes Payable,630700]]
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