Notes Payable, 9%, due September 1, 2019 $600,000 What is the total cash (including interest) paid for the building purchased by Able? $854,000 $836,000 $816,000 $800,000 1 points Say QUESTION 19 On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $200,000 cash and issuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 9% and is paid at maturity. In its December 31, 2018, balance sheet, Able correctly presented the note and interest payable as follows: Interest Payable $18,000 Notes Payable, 9%, due September 1, 2019 $600,000 The adjusting entry at December 31, 2018, with respect to this note included: a debit to interest Expense for 518,000 a credit to cash for $18,000 a credit to Interest Expense for 518,000 a credit to Notes Payable for $18,000