On April 1, Salish Company borrowed $1.000 from the bank by signing a 12% 3-month note payable. The amount borrowed plus accrued interest is due on July 1 What journal entry should the company make on July 1 when it repays the note? Multiple Choice Account Cash Notes Payable Interest Expense Debit Credit 1,030 1.000 30 Account Notes Payable Cash Debit Credit 1.000 1.000 Account Notes Payable Interest Payable Cash Debit Credit 1.000 120 1120