Megan Company Borrowed $12,000 from Bank of Maryland on December

Megan Company borrowed $12,000 from Bank of Maryland on December 1, 2019, and signed a 3-month, 8% Notes Payable. If Megan's accounting period ends on December 31, 2019, which of the following will not be true for Megan Company?

A) On December 31, 2019, Megan will increase Interest Expense for $80
B) On December 31, 2019, Megan will increase Interest Payable for $80
C) On March 1, 2020, Megan will increase Interest Expense for $160
D) On March 1, 2020, Megan will decrease Interest Payable for $160