estion 17 t yet swered On October 1, Eli's Carpet Service borrows $300,000 from First National Bank on a 5-month, $120,000, 8% note. The entry by Eli's Carpet Service to record payment of the note and accrued interest on January 1 is rked out of 00 Flag question Select one: a. Notes Payable...... Cash... .127,500 127,500 b. 125,000 2,500 127,500 Notes Payable...... Interest Payable... Cash C. Notes Payable........ Interest Payable.... Cash... 125,000 10,000 135,000 d. The answer does not exist e. Notes Payable....... Interest Expense. Cash.. 125,000 2.500 127,500