South Carolina Bank agrees to lend the Geri Stone Company $500,000 on January 1. Geri Stone Company signs a $500,000, 6%, 9-month note. The entry made by Geri Stone Company on January 1 to record the proceeds and issuance of the note is Interest Expense Cash. 22,500 477,500 500,000 Notes Payable B Cash C 500,000 Notes Payable 500,000 Cash 500,000 Interest Expense 22,500 Notes Payable 522,500 D Cash 500,000 Interest Expense 22,500 Notes Payable Interest Payable 500,000 22,500