uestion 4 Jones, Inc. borrowed $200,000 using a note payable on June 1 Years. The note has a 12-month life, and an interest rate of 6%. Whic Note Payable 200.000 Interest Expense 7,000 Cash 207.000 Interest Payable 7.000 Interest Expense 7.000 Interest Expense 7.000 Cash 7,000 Interest Expense 7,000 7,000 Interest Payable interest rate of 696. Which of the following journal entries should Jones make on December 31, Year 17