14 On December 1, 2021, ABC Company, borrows $15,000 cash to expand operations. The loan is made by First Bank under a short-term line of credit arrangement. The company signs a six-month, 9% promissory note. Interest is payable at maturity. ABC's year-end is December 31. Required: 8 01:39:52 ABC Company should record which of the following adjusting entries at December 31, 2021? O Dr. Interest expense and Cr. Interest payable, $112 O Dr. Interest expense and Cr. Interest payable, $225 O Dr. Interest expense and Cr. Cash, $112 O Dr. Interest expense and Cr. Cash, $225 What amount of cash will be needed to pay back the note payable plus any accrued interest on June 1, 2022? O $15,675 O $16,350 O $16,125 O $15,562 In connection with this note, ABC Company should report interest expense in 2022 for the amount of: $562 O $1,350 O $1,125 O $675