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. a. Debit both Interest payable 4,000 and Notes payable 100,000 and credit Accounts payable 104,000 b. Debit both Interest expense 4,000 and Notes payable 100,000 and credit Cash 104,000 c. Debit each of Interest payable 3,000, Interest expense 1,000 and Notes payable 100,000 and credit Cash 104,000 d. Debit both Interest payable 4,000 and Notes payable 100,000 and credit Cash 104,000