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Moss County Bank agrees to lend the Blossom Company $320000 on January 1. Blossom Company signs a $320000, 6%, 9-month note. What entry will Blossom

Moss County Bank agrees to lend the Blossom Company $320000 on January 1. Blossom Company signs a $320000, 6%, 9-month note. What entry will Blossom Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?

Notes Payable 320000
Interest Payable 14400
Cash 334400
Notes Payable 334400
Cash 334400
Interest Payable 9600
Notes Payable 320000
Interest Expense 4800
Cash 334400
Interest Expense 14400
Notes Payable 320000
Cash 334400

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