Help Save & EX On December 1, 2021, ABC Company, borrows $10,000 cash to expand operations. The loan is made by First Bank under a short-term line of credit arrangement. The company signs a six-month, 3% promissory note. Interest is payable at maturity, ABCs year-endis December 31 Required: ABC Company should record which of the following adjusting entries at December 31, 2017 O Dr. Interest expense and Cr. Interest payable, $25 Dr. Interest expense and Cr. Interest payable, $50 O Dr. Interest expense and Cr Cash $25 Dr. Interest expense and Cr. Cash, $50 What amount of cash will be needed to pay back the note payable plus any accrued interest on June 1, 2022? $10,150 $10,300 $10.250 $10.125 In connection with this note, ABC Company should report interest expense in 2022 for the amount of $125 $300 $250 $150