On January 1,2019,a $60,000,6%,6-Year Installment Note Payable Is Issued by the Asada

On January 1,2019,a $60,000,6%,6-year installment note payable is issued by the Asada Corporation.The note requires that $10,000 of principal plus accrued interest be paid at the end of each year (December 31) .The journal entry to record the second annual payment would include

A) A debit to Interest Expense for $3,600
B) A debit to Interest Expense for $3,000
C) A credit to Cash for $3,000
D) A credit to Cash for $3,600
E) A debit to Notes Payable for $3,600