xoxox Company paid YYY Company for merchandise with a $9,000, 120-day, 5% note dated May 10. XX Company pays the note at maturity, what entry should be made at that time? Select one: a. Notes Payable 9,150 Interest Payable 150 9,000 b. Notes Payable 9,000 Interest Expense Cash 9,150 c. Notes Payable 8,850 Interest Expense 150 Cash 9,000 d. Notes Payable 9,000 Interest Expense 150 Interest Payable 9,150 On October 1, XOOX borrowed from YYY, giving him a $20,000, 6 month, 8% note, interest payable at maturity. XX made no entry after October 1. What entry would xx make on December 31, the end of the accounting period? Select one: a. Interest Expense Cash 400 b. Interest Expense 400 Interest Payable c. Interest Expense 800 Interest Payable d. Interest Expense 800 Cash 800 800 me statement effects recognized when a purchase or sale of stock or payment of dividends occurs