On May 1, 2013, Alang Corporation Borrowed $3,600 on a Two-Year

On May 1, 2013, Alang Corporation borrowed $3,600 on a two-year, 6% note payable. Interest is due and payable at the end of each six months. Alang makes all interest payments on schedule. The correct December 31, 2014, adjusting entry would be

A) Interest Expense 36
Interest Payable 36

B) Interest Payable 144
Cash 144

C) Interest Expense 18
Cash 18

D) Interest Expense 144
Interest Payable 144