JD Company borrowed $70,000 on December 1 on a 6-month, 12% note. At December 31:

(a) neither the note payable nor the interest payable is a current liability.

(b) the note payable is a current liability but the interest payable is not.

(c) the interest payable is a current liability but the note payable is not.

(d) both the note payable and the interest payable are current liabilities.

AppendixLO2