Business, 09.04.2020 02:51 Richwave17

Moss County Bank agrees to lend the Sadowski Brick Company $300,000 on January 1. Sadowski Brick Company signs a $300,000, 6%, 9 month note. The entry made by Sadowski Brick Company on January 1 to record the proceeds and issuance of the note isA) Cash 300,000Interest Expense 13,500>>>Notes Payable 300,000>>>Interest Payable 13,500B) Interest Expense 13,500Cash 286,500>>>Notes Payable 300,000C) Cash 300,000>>>Notes Payable 300,000D) Cash 300,000Interest Expense 13,500>>>Notes Payable 313,500

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Moss County Bank agrees to lend the Sadowski Brick Company $300,000 on January 1. Sadowski Brick Com...

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