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Watunga County Bank agrees to lend Bonita Granite Company $609000 on January 1. Bonita Granite...

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Accounting

Watunga County Bank agrees to lend Bonita Granite Company $609000 on January 1. Bonita Granite Company signs a $609000,8%,
9-month note. What entry will Bonita Granite make to pay off the note and interest at maturity assuming that interest has been
accrued to September 30?
Interest Expense
Notes Payable
Cash
Notes Payable
Interest Payable
Cash
Interest Payable
Notes Payable
Interest Expense
36540
609000
645540
609000
36540
645540
24360
609000
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