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?

Notes payable	120,000
Interest expense	4,800
Cash		124,800

Interest expense	1,600
Interest payable		1,600

Interest payable	1,600
Interest expense		1,600

Interest expense	4,800
Interest payable		4,800