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Moss County Bank agrees to lend the Sheridan Company $410000 on January 1 Sheridan Company signs a $410000,6%.9- month note. The entry made by Sheridan

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Moss County Bank agrees to lend the Sheridan Company $410000 on January 1 Sheridan Company signs a $410000,6%.9- month note. The entry made by Sheridan Company on January 1 to record the proceeds and issuance of the note is O Cash Interest Expense Notes Payable Interest Payable 410000 18450 410000 18450 O Cash Interest Expense Notes Payable 410000 18450 428450 O Interest Expense Cash Notes Payable 18450 391550 410000 410000 Cash Notes Payable 410000

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