Admire County Bank agrees to lend Sheffield Brick Company $614000 on January 1. Sheffield Brick Company signs a $614000,8%,9 month note. The entry made by Sheffield Brick Company on January 1 to record the proceeds and issuance of the note is Interest Expense Cash Notes Payable Cash Interest Expense Notes Payable Interest Payable 36840 577160 614000 614000 36840 614000 36840