West County Bank agrees to lend Sunland Company $484000 on January 1. Sunland Company signs a $484000, 6%, 6-month note. The entry made by Sunland Company on January 1 to record the proceeds and issuance of the note is O Cash Notes Payable 4840001 48400 Interest Expense 7260 Cash 476740 Notes Payable 484000 Cash 484000 Interest Expense 14520 Notes Payable 498520 Cash 484000 Interest Expense 14520