Sign In Sign Up Ask an AI advisor
zahid79
zahid79
14.11.2019 • 
Business

Moss county bank agrees to lend the allenson brick company $200,000 on january 1. allenson brick company signs a $200,000, 6%, 9-month note.

the entry made by allenson brick company on january 1 to record the proceeds and issuance of the note is

a. interest expense 9,000
cash. 191,000
notes payable 200,000
b. cash 200,000
notes payable 200,000
c. cash 200,000
interest expense 9,000
notes payable 209,000
d. cash 200,000
interest expense 9,000
notes payable 200,000
interest payable 9,000

Solved
Show answers

Ask an AI advisor a question

I want advice