mith Company purchased a building for $210,000 on January 1 in exchange for a one-year loan at 9% with interest and note to be paid one year later. Assuming e company uses the accrual basis, what would be the adjusting entry on January 31? A. Interest Expense Interest Payable 1.575 1.575 OB Intrest Payable 18,900 Interest Expense 18.900 OC Interest Payable 1.575 Interest Expense 1.575 OD Interest Expense 18.900 Interest Payable 18.900