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. 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 ?

A) $\begin{array} { l }\text { Notes Payable }&318,000 \\ \text {Cash }& &318,000\\\end{array}$

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

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

D) $\begin{array} { l } \text { Interest Payable.}& 12,000\\ \text { Notes Payable}&300,000 \\ \text {Interest Expense }&6,000 \\ \text { Cash}&&318,000 \\\end{array}$