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Business, 23.05.2020 21:02 elijahjacksonrp6z2o7

Moss County Bank agrees to lend the Sandhill Co. $635000 on January 1. Sandhill Co. signs a $635000, 6%, 9-month note. The entry made by Sandhill Co. on January 1 to record the proceeds and issuance of the note is

a

Interest Expense 28575
Cash 606425
Notes Payable 635000
b

Cash 635000
Interest Expense 28575
Notes Payable 635000
Interest Payable 28575
c

Cash 635000
Notes Payable 635000
d

Cash 635000
Interest Expense 28575
Notes Payable 663575

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