Mama's Pizza Shoppe borrowed $$8,000$ at $9\%$ interest on May $1,2021,$ with principal and interest due on October $31,2022.$ The company's fiscal year ends June $30,2021.$ What adjusting entry is necessary on June $30,2021?$Group of answer choicesInterest expense$120$ Interest payable $120$No entry.Interest expense$240$ Interest payable $240$Prepaid interest$120$ Interest payable $120$