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On October 1, Bramble's Painting Service borrows $155000 from National Bank on a 3-month, $155000, 4% note. The entry by Brambres Puma record payment of

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On October 1, Bramble's Painting Service borrows $155000 from National Bank on a 3-month, $155000, 4% note. The entry by Brambres Puma record payment of the note and accrued interest on January 1 is 155000 1550 156550 O 156550 156550 O Notes Payable Interest Payable Cash Notes Payable Cash Notes Payable Interest Payable Cash Notes Payable Interest Expense Cash 155000 6200 161200 155000 1550 156550

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