On September 1, Joe's Painting Service Borrows $150,000 from National

On September 1, Joe's Painting Service borrows $150,000 from National Bank on a 4-month, $150,000, 6% note. What entry must Joe's Painting Service make on December 31 before financial statements are prepared?

A) Interest Payable 3,000 Interest Expense 3,000
B) Interest Expense 9,000 Interest Payable 9,000
C) Interest Expense 3,000 Interest Payable 3,000
D) Interest Expense 3,000 Notes Payable 3,000