Current Attempt in Progress

On October $1,$ Bonita's Carpet Service borrows $$359000$ from First National Bank on a $3-$month, $$359000,8\%$ note. What entry must Bonita's Carpet Service make on December $31$ before financial statements are prepared?

Interest Expense $,28720$

Interest Payable $28720$

Interest Expense

$7180$

Notes Payable

$7180$

Interest Expense $7180$

Interest Payable

$7180$

Interest Payable

$7180$

Interest Expense

$7180$