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Moss County Bank agrees to lend the Ivanhoe Company $365000 on January 1. Ivanhoe Company signs a $365000, 6%, 9-month note. What is the adjusting

Moss County Bank agrees to lend the Ivanhoe Company $365000 on January 1. Ivanhoe Company signs a $365000, 6%, 9-month note. What is the adjusting entry required if Ivanhoe Company prepares financial statements on June 30?

Interest Payable	10950
Cash		10950

Interest Payable	10950
Interest Expense		10950

Interest Expense	10950
Cash		10950

Interest Expense	10950
Interest Payable		10950

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