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Moss County Bank agrees to lend the Allenson Brick Company $200,000 on January 1. Allenson Brick Company signs a $200,000, 6%, 9-month note. Reference Ref
Moss County Bank agrees to lend the Allenson Brick Company $200,000 on January 1. Allenson Brick Company signs a $200,000, 6%, 9-month note. Reference Ref 10-1 What entry will Allenson Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? Interest Payable Notes Payable Interest Expense Cash 6,000 00,000 3,000 209,000 O Interest Expense Notes Payable Cash 9,000 200,000 209,000 O Notes Payable Cash 209,000 209,000 Notes Payable Interest Payable Cash 200,000 9,000 209,000
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