Watunga County Bank agrees to lend Hoffman Granite Company $600,000 on January 1. Hoffman Granite Company signs a $60,000, 6%, 9-month note. The entry made by Hoffman Granite on January 1 to record the proceeds and issuance of the note is Select one: a. The answer does not exist @ b. Interest Expense.. Cash Notes Payable 36,000 564,000 600,000 C Cash 600,000 Notes Payable 600,000 d. Cash.... Interest Expense. Notes Payable 600,000 36,000 636,000 @ e Cash Interest Expense. Notes Payable Interest Payable 600,000 36,000 600,000 36,000 https://exa The cash account shows a balance of $85,000 before reconciliation. The bank statement does not include a deposit of $5,000 made on the last day of the month. The bank statement shows a collection by the bank of $2,400 and a customer's check for $680 was returned because it was NSF. A customer's check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $183. The correct balance in the cash account was Select one: a. $86,540. b. $87,400. C. $95,350 d. The answer does not exist e. $86,785