On October 1, Metlock's Painting Service borrows $132000 from National Bank on a 3-month, $132000, 4% note. The entry by Metlock's Painting Service to record payment of the note and accrued interest on January 1 is Notes Payable Interest Payable 132000 1320 Cash 133320 Notes Payable 133320 Cash 133320 Notes Payable Interest Payable 132000 5280 Cash 137280 Notes Payable 132000 Interest Expense 1320 Cash 133320