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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%, 9-month note. What entry

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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%, 9-month note. What entry will Sadowski Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? Debit interest Expense 22,500, Debit Notes Payable 500,000, Credit Cash 522,500 Debit Notes Payable 500,000, Debit interest Payable, 22,500, Credit Cash 522,500 Debit interest Payable 15,000, Debit Notes Payable 500,000, Debit interest Expense 7,500, Credit Cash 522,500 Debit Notes Payable 522,500, Credit Cash 522,500

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