$12$ of $40$

The United Shopping Company borrowed $$30,000$ at $12\%$ interest on March $1,$ Year $1.$ The note is to be repaid, with interest, in six months. If United Shopping makes monthly adjusting entries, which of the following is included as part of the related adjusting entry dated March $31,$ Year $1?$

Credit Interest Payable $$3,000$

Debit Interest Receivable $$300$

Debit Interest Expense $$300$

Debit Interest Payable $$300$