Current Attempt in Progress West County Bank agrees to lend Pharoah Company $460000 on January 1. Pharoah Company signs a $460000, 6%, 6-month note. The entry made by Pharoah Company on January 1 to record the proceeds and issuance of the note is a Cash 460000 Interest Expense 13800 Notes Payable 473800 Cash 460000 13800 Interest Expense Notes Payable Interest Payable 460000 13800 Interest Expense 6900 Cash 453100 Notes Payable 460000 Cash 460000 Notes Payable 460000