Archaic First National Bank loaned Customer B $50000 on Dec. 1, 2020. The interest rate on the load was six percent per year. As of Dec 31 Customer B has made no payments whatsoever on the loan. What adjusting entry should be recorded by Customer B to reflect accrual accounting at year end Dec. 31, 2020?

A. Debit Interest Expense 250 credit interest payable 250

B. Debit interest revenue 500 credit interest receivable 500

C. Debit interest payable 250 credit note receivable 250

D. debit interest expense 500 credit interest revenue 500