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O O O O Gravel Corporation borrowed $250,000 from a bank on January 1, 2022, by signing a 10%, six-month note. The journal entry

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O O O O Gravel Corporation borrowed $250,000 from a bank on January 1, 2022, by signing a 10%, six-month note. The journal entry made by Gravel on January 1, 2022, will debit A. Cash for $225,000 and credit Notes Payable for $225,000. B. Cash for $250,000 and credit Notes Payable for $250,000. C. Interest Expense for $25,000 and credit Interest Payable for $25,000. D. Interest Expense for $25,000 and credit Cash for $25,000.

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