On December 1, Screech Company Borrowed $60,000 from Hedwig Company $\quad$

On December 1, Screech Company borrowed $60,000 from Hedwig Company, giving a 60-day, 12% note.
If the correct adjusting entry is made on December 31, Screech's entry at maturity is:

A) Notes Payable 60,000
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 60,000
B) Notes Payable 60,000
Interest Payable 600
Interest Expense 600
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 61,200
C) Notes Payable 60,000
Interest Expense 1,200
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 61,200
D) Notes Payable 60,000
Interest Payable 1,200
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 61,200