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Watunga County Bank agrees to lend Sunland Granite Company $597000 on January 1. Sunland Granite Company signs a $597000, 8%, 9-month note. What entry will
Watunga County Bank agrees to lend Sunland Granite Company $597000 on January 1. Sunland Granite Company signs a $597000, 8%, 9-month note. What entry will Sunland Granite make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? Interest Payable Notes Payable Interest Expense Cash 23880 597000 11940 632820 Interest Expense Notes Payable Cash 35820 597000 632820 O Notes Payable 632820 Cash 632820 597000 Notes Payable Interest Payable 35820 Cash 632820
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