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Watunga County Bank agrees to lend Sheridan Granite Company $594000 on January 1. Sheridan Granite Company signs a $594000, 7%, 9-month note. What is the

Watunga County Bank agrees to lend Sheridan Granite Company $594000 on January 1. Sheridan Granite Company signs a $594000, 7%, 9-month note. What is the adjusting entry required if Sheridan Granite Company prepares financial statements on June 30? Interest Payable 20790 Cash 20790 Interest Expense 20790 Cash 20790 O 20790 Interest Payable Interest Expense 20790 20790 Interest Expense Interest Payable 20790

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