On March 1, Young Co. borrowed \$1,000 by extending their past-due account payable with a 120 -day, 6% interestbearing note. On June 29 , the due date, Young pays the amount due in full. This entry would be recorded by Young with a credit to in the amount of Cash; $1,020 Notes Payabies $1,060 Cash; \$1,060 Notes Payable $1,000 Notes Payabie: \$1,020 Cashis $1,000 Need heip? Review these concept resources. Rate your contidence to submat your answet