Green Tea Company obtained a $150,000, one-year, 12 percent bank loan on November 1 of the current year. Interest is payable at the end of the loan term. The company's adjusting entry needed on December 31 is: Select one: 0 A. A debit to Interest Expense of $18,000 and a credit to Interest Payable of $18,000 B. A debit to Interest Receivable of $3,000 and a credit to Interest Revenue of $3,000 C. A debit to Interest Expense of $1,500 and a credit to Interest Payable of $1,500 D. A debit to Interest Expense of $3,000 and a credit to Interest Payable of $3,000