On October 1, 2014, Jacob's Beach Umbrellas Borrowed $5,000 on a 12

On October 1, 2014, Jacob's Beach Umbrellas borrowed $5,000 on a 12%, one-year note payable. Interest was payable semiannually. A correct adjusting entry was made on December 31, 2014, and a correct reversing entry was made on January 1, 2015. The entry that should be made on March 31, 2015, is

A) Interest Payable 300
Cash 300

B) Interest Expense 150
Interest Payable 150
Cash 300

C) Interest Expense 150
Cash 150

D) Interest Expense 300
Cash 300