20 ]] Zalina Company borrowed $48,000 from Bank of Storytown on December 1, 2016, and signed a 90 day, 8% Notes Payable.

If Zalinas accounting period ends on December 31, 2016, which of the following will not be true for Zalina Company?

Question 20 options:

A)	On March 1, 2017, Zalina will debit Interest Payable for $640

B)	On December 31, 2016, Zalina will credit Interest Payable for $320

C)	On December 31, 2016, Zalina will debit Interest Expense for $320

D)	On March 1, 2017, Zalina will debit Interest Expense for $640