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Watunga County Bank agrees to lend Sunland Granite Company $611000 on January 1 . Sunland Granite Company signs a $611000, 8%,9-month note. What is the

image text in transcribed Watunga County Bank agrees to lend Sunland Granite Company $611000 on January 1 . Sunland Granite Company signs a $611000, 8%,9-month note. What is the adjusting entry required if Sunland Granite Company prepares financial statements on June 30 ? Interest Payable 24440 Cash 24440 Interest Expense 24440 Interest Payable 24440 Interest Payable 24440 Interest Expense 24440 Interest Expense 24440 Cash 24440

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