a. 15. Watunga County Bank agrees to lend Hoffman Granite Company $600,000 on January 1. Hoffman Granite Company signs a $600,000, 8%, 9-month note. What is the adjusting entry required if Hoffman Granite Company prepares financial statements on June 30? Interest Expense 24,000 Interest Payable 24,000 b. Interest Expense 24,000 Cash 24,000 Interest Payable 24,000 Cash 24,000 d. Interest Payable 24,000 Interest Expense 24,000 c