On October 1, Swifty's Carpet Service borrows $154000 from First National Bank on a 3-month, $154000, 7% note. The entry by Swifty's Carpet Service to record payment of the note and accrued interest on January 1 is 0 Notes Payable 154000 Interest Payable 10780 Cash 164780 Notes Payable 156695 Cash 156695 Notes Payable 154000 Interest Payable 2695 Cash 156695 0 Notes Payable 154000 Interest Expense 2695 Cash 156695