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West County Bank agrees to lend Blossom Company S480000 on January 1. Blossom Company signs a $480000, 6%, 6-month note, What entry will Blossom Company

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West County Bank agrees to lend Blossom Company S480000 on January 1. Blossom Company signs a $480000, 6%, 6-month note, What entry will Blossom Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 302 494400 Notes Payable Cash 494400 14400 Interest Expense Notes Payable Cash 480000 494400 Notes Payable Interest Payable Cash 480000 14400 494400 7200 480000 Interest Payable Notes Payable Interest Expense Cash 7200 494400

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