West County Bank agrees to lend Crane Company $268000 on January 1. Crane Company signs a $268000,6%, 6-month note. The entry made by Crane Company on January 1 to record the proceeds and issuance of the note is Cash 268000 Interest Expense 8040 Notes Payable 268000 Interest Payable 8040 Cash 268000 Interest Expense 8040 Notes Payable 276040 Interest Expense 4020 Cash 263980 O Cash 268000 Interest Expense 8040 Notes Payable 276040 Interest Expense 4020 Cash 263980 Notes Payable 268000 Cash 268000 Notes Payable 268000 Save for Late