Chase County Bank agrees to lend Agler Brick Company $300,000 on January 1, 2009. Agler Brick Company signs a $300,000, 8%, 9-month note on that date.

Which entry below would be made by Agler Brick Company on January 1 to record the proceeds and issuance of the note?

A Cash 300,000

Notes Payable 300,000

B Cash 300,000

Interest Expense 18,000

Notes Payable 318,000

C Cash 300,000

Interest Expense 18,000

Notes Payable 300,000

Interest Payable 18,000

D Interest Expense 18,000

Cash 282,000

Notes Payable 300,000