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Admire County Bank agrees to lend Vaughn Brick Company $613000 on January 1. Vaughn Brick Company signs a $613000,8%,9. month note. The entry made by

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Admire County Bank agrees to lend Vaughn Brick Company $613000 on January 1. Vaughn Brick Company signs a $613000,8%,9. month note. The entry made by Vaughn Brick Company on January 1 to record the proceeds and issuance of the note is Cash 613000 Interest Expense 36780 Notes Payable 649780 Interest Expense 36780 Cash 576220 Notes Payable 613000 Cash613000

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