Moss County Bank agrees to lend the Carla Vista Co. $620000 on January 1. Carla Vista Co. signs a $620000, 6%, 9-month note. The entry made by Carla Vista Co. on January 1 to record the proceeds and issuance of the note is Cash 620000 Interest Expense 27900 Notes Payable 647900 Interest Expense 27900 Cash 592100 Notes Payable 620000 Cash 620000 Notes Payable 620000 Cash 620000 Interest Expense 27900 Notes Payable 620000 Interest Payable 27900