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Mama's Pizza Shoppe borrowed $ 8 , 0 0 0 at 9 % interest on May 1 , 2 0 2 1 , with principal

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 $120$

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