Gravel Corporation borrowed $250,000 from a bank on January 1, 2019, by signing a 10%, six-month note. The journal entry made by Gravel on January 1, 2019, will
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A. Interest Expense for $25,000 and credit Interest Payable for $25,000
B. Cash for $225,000 and credit Notes Payable for $225,000
C. Cash for $250,000 and credit Notes Payable for $250,000
D. Interest Expense for $25,000 and credit Cash for $25,000