109-2020 2117 Ocficial 7 QUIZ Z ABC Company adjusts the accounts every month. On the other hand, the company closes the accounts at the end of each fiscal year. During the month of March, the company engaged in the following two transactions: March 1 March 1 Paid $6,300 for three-month rent of an office building. Obtained credit from a bank, $12,000. The company signed a 9- month, 10% note payable for this credit. In recording the adjusting entry on March 31 regarding the accrued interest expense: Select one: a.Interest Expense is debited for $1,200; Interest Payable is credited for $1,200 b.Interest Expense is debited for $100; Interest Payable is credited for $100 c.Interest Payable is debited for $900; Interest Expense is credited for $900 d.Interest Expense is debited for $900, Interest Payable is credited for $900 T