Question: View Policies Current Attempt in Progress On October 1, Cheyenne Computers borrows $76000 from Provincial Bank on a 576000, 4 month, note. Assuming interest was

View Policies Current Attempt in Progress On October 1, Cheyenne Computers borrows $76000 from Provincial Bank on a 576000, 4 month, note. Assuming interest was accrued at December 31, the entry by Cheyenne Computers to record payment of the note and accrued interest on January 1 On October 1, Cheyenne Computers borrows $76000 from Provincial Bank on a $76000, 4-month. 6% note. Assuming interest was accrued at December 31, the entry by Cheyenne Computers to record payment of the note and accrued Interest on January 1ls: Notes Payable 77520 Cash 77520 Notes Payable Interest Payable Cash 76000 1520 77520 Notes Payable Interest Payable Cash 76000 4560 80560 O Notes Payable Interest Expense Cash 76000 1520 77520
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