Ford Company borrowed $20,000 on October 1, 2016. Ford issued a one year 6% note payable. The adjusting entry necessary to record accrued interest on December 31, 2016 would include a:

		credit to Notes Payable of $300.
		debit to Interest Expense for $300.
		debit to Interest Payable for $300.
		none of these answer choices are correct.