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Question 25 of 31 View Policies Current Attempt in Progress -73 On September 1, Crane's Painting Service borrows $154000 from National Bank on a

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Question 25 of 31 View Policies Current Attempt in Progress -73 On September 1, Crane's Painting Service borrows $154000 from National Bank on a 4-month, $154000.6% note. The entry by Crane's Painting Service to record payment of the note and accrued interest on January 1 is Notes Payable 154000 Interest Payable 9240 Cash 163240 Notes Payable 157080 Cashi 157080 Notes Payable 154000 Interest Expense 3080 Cash 157000 01:40:13

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