Watunga Bank agrees to lend Hoffman Granite Company $600,000$ on January $1.$ Hoffman Granite Company signs a $600,000,8\%,9-$month note. The entry made by Hoffman Granite on January $1$ to record the proceeds and issuance of the note is

Select one alternative:Cash

$600,000$

$36,000$

Interest Expense

$36,000$

Notes Payable

$600,000$

Interest Payable.

$36,000$

Cash

$600,000$

Notes Payable

Cash

$600,000$

Interest Expense

$36,000$

Notes Payable

$636,000$

Interest Expense

Cash.

$564,000$

Notes Payable