Grayson Bank agrees to lend the Trust Company $100,000 on January 1. Trust Company signs a $100,000, 8%, 9-month note. The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is

a. Notes Payable 100,000 Interest Payable 6,000 Cash 100,000 Interest Expense 6,000 b. Interest Expense 8,000 Cash 92,000 Notes Payable 100,000 c. Cash 100,000 Notes Payable 100,000 d. Cash 108,000 Interest Expense 8,000 Notes Payable 108,000