Dairy Cows, Inc borrowed $18,000 from First Bank and signed a promissory note. What will be the entry on the books of First Bank? O Debit Notes Payable, $18,000, Credit Cash, $18,000 O Debit Cash, $18,000, Credit Notes Payable, $18,000 O Debit Notes Receivable, $18,000, Credit Cash, $18,000 O Debit Cash, $18,000, Credit Notes Receivable, $18,000 QUESTION 3 Burks Corporation had inventory at December 31, 2020 of $120,000 During 2021, the Company had purchases of inventory $1,500,000. At December 31, 2021, the Company did a count of its inventory on hand and determined that inventory at that date was $200,000. What will be the company's Cost of Goods Sold for the year ended December 31, 20217 O $1,420,000 O $1,300,000 $1,500,000 $1,620,000