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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. Recording the

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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. Recording the pay off of the note and interest at maturity assuming that interest has been accrued to September 30 includes aln) O Decrease to Notes Payable and to Cash for $522,500. Decrease to Notes Payable for $500,000, decrease to Interest Payable for $22.500, and a decrease to Cash for $522,500. O Increase to Interest Expense for $22,500. decrease to Notes Payable for $500,000 and a decrease to Cash for $522.500. O Decrease to Interest Payable for $15.000. decrease to Notes Payable for $500,000. increase to Interest Expense for $7.500 and a decrease to Cash for $522.500

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