On May 1,Chris Company Borrowed $30,000 from Third Street Bank

On May 1,Chris Company borrowed $30,000 from Third Street Bank on a one-year,6% note.If the company keeps its records on a calendar year,an entry is needed on December 31 to increase

A) interest expense by $600.
B) interest expense by $1,800.
C) interest payable by $900.
D) interest payable by $1,200.