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Vaughn County Bank agrees to lend the Carla Vista Brick Company $432000 on January 1. Carla Vista Brick Company signs a $432000, 4%, 7-month note.

Vaughn County Bank agrees to lend the Carla Vista Brick Company $432000 on January 1. Carla Vista Brick Company signs a $432000, 4%, 7-month note. What is the adjusting entry required if Carla Vista Brick Company prepares financial statements on June 30? Interest Expense 8640 Interest Payable 8640 Interest Expense 8640 Cash 8640 Interest Payable 8640 Interest Expense 8640 Interest Payable 8640 Cash 8640

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