On September 1 Eli's Painting Service Borrows $150000 from National $\begin{array}{lrr} \text {Notes Payable } &153,000\\ \text { Cash } &&153,000\\\end{array}$

On September 1 Eli's Painting Service borrows $150000 from National Bank on a 4-month $150000 6% note. The entry by Eli's Painting Service to record payment of the note and accrued interest on January 1 is a.
$\begin{array}{lrr} \text {Notes Payable } &153,000\\ \text { Cash } &&153,000\\\end{array}$

b.
$\begin{array}{lrr} \text { Notes Payable } &150,000\\ \text { Interest Payable} &3,000\\ \text { Cash} &&153,000\end{array}$

c.
$\begin{array}{lrr} \text {Notes Payable } &150,000\\ \text { Interest Payable} &9,000\\ \text { Cash } &&159,000\end{array}$

d.
$\begin{array}{lrr} \text { Notes Payable} &150,000\\ \text { Interest Expense } &3,000\\ \text { Cash } &&153,000\end{array}$