Miranda Company Borrowed $100,000 Cash on September 1,2010,and Signed a One-Year

Miranda Company borrowed $100,000 cash on September 1,2010,and signed a one-year 6%,interest-bearing note payable.Assuming no adjusting entries have been made during the year,the required adjusting entry at the end of the accounting period,December 31,2010,would be which of the following?

A) Interest expense $\quad$ 2,000
$\quad$ Interest payable $\quad$$\quad$$\quad$$\quad$ 2,000
B) $\begin{array} { l r r } \text { Interest expense } & 6,000 & \\\quad \text { Interest payable } & & 6,000\end{array}$
C) $\begin{array} { l r r } \text { Notes payable } & 100,000 & \\\text { Interest expense } & 6,000 & \\\quad \text { Cash } & & 106,000\end{array}$
D) $\begin{array} { l r r } \text { Interest expense } & 2,000 & \\\quad \text { Interest payable } & & 2,000\end{array}$