First National Bank agrees to lend $100,000 on September 1, 2014, if Cole Williams Co. signs a $100,000, 12%, four-month note maturing on January 1. Cole Williams Co prepares financial statements on 31/12, the entry at maturity date (Jan 1, 2015) is. O a. Debit each of Interest payable 3,000, Interest expense 1,000 and Notes payable 100,000 and credit Cash 104,000 O b. Debit both Interest payable 4,000 and Notes payable 100,000 and credit Accounts payable 104,000 . Debit both Interest payable 4,000 and Notes payable 100,000 and credit Cash 104,000 Od Debit both Interest expense 4,000 and Notes payable 100,000 and credit Cash 104,000