Admire County Bank Agrees to Lend Givens Brick Company $\$ 300,000$

Admire County Bank agrees to lend Givens Brick Company $\$ 300,000$ on January 1. Givens Brick Company signs a $\$ 300,000,8 \% , 9$ -month note. The entry made by Givens Brick Company on January 1 to record the proceeds and issuance of the note is

A) $\begin{array} { l } \text {Interest Expense }&18,000 \\ \text { Cash.}&282,000 \\ \text {Notes Payable }&&300,000 \\\end{array}$

B) $\begin{array} { l } \text { Cash }&300,000 \\ \text {Notes Payable }&&300,000 \\\end{array}$

C) $\begin{array} { l }\text { Cash. }&300,000 \\ \text { Cash. Interest Expense }& 18,000\\ \text { Notes Payable}& &318,000\\\end{array}$

D) $\begin{array} { l } \text { Cash}& 300,000\\ \text { Interest Expense }&18,000 \\ \text {Notes Payable }&&300,000 \\ \text { Interest Payable}&&18,000 \\\end{array}$