On November 1, 2020, Halton Corp

On November 1, 2020, Halton Corp. purchased equipment by signing a 6-month, 4% note for $ 180,000. The December 31, 2020, adjusting entry required in connection with this note is

A) debit Interest Expense and credit Interest Payable, $ 7,200.
B) debit Interest Expense and credit Interest Payable, $ 3,600.
C) debit Interest Expense and credit Interest Payable, $ 1,200.
D) debit Interest Expense and credit Cash, $ 1,200.