uestion $5$ of $18$

$-13$

ew Policies

urrent Attempt in Progress

On October $1,$ Blossom Painting Service borrows $$164000$ from National Bank on a $3-$month, $$164000,3\%$ note. The entry by Blossom Painting Service to record payment of the note and accrued interest on January $1$ is

Notes Payable

$165230$

Cash

$165230$

Notes Payable

$164000$

Interest Payable

$1230$

Cash

$165230$

Notes Payable

$164000$

Interest Expense

$1230$

Cash

$165230$

Notes Payable

$164000$

Interest Payable

$4920$

Cash

$168920$