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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? O Interest Expense Notes Payable Cash 35820 597000 632820 O 632820 Notes Payable Cash 632820 Interest Payable Notes Payable Interest Expense Cash 23880 597000 11940 632820 Notes Payable Interest Payable Cash 597000 35820 632820
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