Miranda Company borrowed $120,000 cash on September 1, 2016, and signed a one-year 4%, interest-bearing note payable. Assume no adjusting entries have been made during the year. Which of the following would be the required adjusting entry at the end of the December 31, 2016 accounting period? Interest expense 4,800 Interest payable 4,800 Notes payable Interest expense 120,000 4,800 Cash 124,800 Interest payable 1,600 Interest expense 1,600 Interest expense 1,600 Interest payable 1,600