Grayson Bank agrees to lend the Trust Company $109,514 on January 1. Trust Company signs a $109,514, 12%, 9-month, interest-bearing note. The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is: Select the correct answer. O Cash $124,298 Interest Expense Notes Payable Interest Payable $9,856 $109,514 $4,928 O cash $109,514 Notes Payable $109,514 O Cash $119,370 Interest Expense Notes Payable $9,856 $109,514 O Interest Expense $9,856 $99,658 Cash Notes Payable $109,514