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West County Bank agrees to lend Sheridan Company $344000 on January 1. Sheridan Company signs a $344000,6%. 6-month note. What entry will Sheridan Company make
West County Bank agrees to lend Sheridan Company $344000 on January 1. Sheridan Company signs a $344000,6%. 6-month note. What entry will Sheridan Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 302 o interest Payable Notes Payable Interest Expense Cash 5160 344000 5160 354320 O Notes Payable Cash 354320 354320 O Notes Payable Interest Payable Cash 344000 10320 354320 o Interest Expense Notes Payable Cash 10320 344000 354320
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