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uestion 5 of 18 -13 ew Policies urrent Attempt in Progress On October...

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Accounting

uestion 5 of 18
-13
ew Policies
urrent Attempt in Progress
On October 1, Blossom Painting Service borrows $164000 from National Bank on a 3-month, $164000,3% note. The entry by Blossom Painting Service to record payment of the note and accrued interest on January 1 is
Notes Payable
165230
Cash
165230
Notes Payable
164000
Interest Payable
1230
Cash
165230
Notes Payable
164000
Interest Expense
1230
Cash
165230
Notes Payable
164000
Interest Payable
4920
Cash
168920
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