Bright Co. holds Park Co.'s $20,000, 150 day, 6% note. The entry made by Park Co. (the borrower) when the note is repaid is: O Notes payable 20,000 Cash Notes payable Interest expense Accounts payable Notes payable Interest expense Cash Cash Note payable Interest expense 20,000 500 20,000 500 20,300 20,000 20,500 20,500 20,000 300

Bright Co0. holds Park Co.'s $20,000,150 day, 6% note. The entry made by Park Co0, (the borrower) when the note is repaid is