Moss County Bank Agrees to Lend the Sadowski Brick Company

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 is

A) Interest Expense 13,500 Cash. 286,500
Notes Payable 300,000
B) Cash 300,000 Notes Payable 300,000
C) Cash 300,000 Interest Expense 13,500
Notes Payable 313,500
D) Cash 300,000 Interest Expense 13,500
Notes Payable 300,000
Interest Payable 13,500