A 12-month bank loan in the amount of $45,000 had been obtained by the company on November 1. Interest is computed at an annual rate of 8 percent. The entire $45,000, plus all of the interest accrued over the 12-month life of the loan, is due in full on October 31 of the upcoming year. The necessary adjusting entry was made on November 30 to record the first month of accrued interest expense. However, no adjustment has been made to record interest expense accrued in December. What must be recorded on December 31? (you need to calculate the interest Select one: O a. debit interest expense $3,600; credit interest payable $3,600 O b. debit interest payable $3,600; credit interest expense $3,600 O c. debit interest payable $300; credit interest expense $300 O d. debit interest expense $300; credit interest payable $300