Moss County Bank Agrees to Lend the Sadowski Brick Company

Moss County Bank agrees to lend the Sadowski Brick Company $300,000 on January 1. Sadowski Brick Company signs a $300,000, 6%, 9-month note. What is the adjusting entry required if Sadowski Brick Company prepares financial statements on June 30?

A) Interest Expense 9,000 Interest Payable 9,000
B) Interest Expense 9,000 Cash 9,000
C) Interest Payable 9,000 Cash 9,000
D) Interest Payable 9,000 Interest Expense 9,000