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Admire County Bank agrees to lend Sheridan Brick Company $608000 on January 1. Sheridan Brick Company signs a $608000, 8%, 9-month note. What entry will

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Admire County Bank agrees to lend Sheridan Brick Company $608000 on January 1. Sheridan Brick Company signs a $608000, 8%, 9-month note. What entry will Sheridan Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? Interest Payable Notes Payable Interest Expense Cash 24320 608000 12160 644480 644480 Notes Payable Cash 644480 Notes Payable Interest Payable Cash 608000 36480 644480 Interest Expense Notes Payable Cash 36480 608000 644480

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