Admire County Bank agrees to lend Givens Brick Company $500,000 on January 1. Givens Brick Company signs a $500,000, 8%, 9-month note. What entry will Givens Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?

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The Answer of Admire County Bank agrees to lend Givens Brick Company $500,000 on January 1. Givens Brick Company signs a $500,000, 8%, 9-month note. What entry will Givens Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?

Admire County Bank Agrees to Lend Givens Brick Company $500,000