Moss County Bank agrees to lend the Marin Company $530000 on January 1. Marin Company signs a $530000, 6%, 9-month note with interest and principle due at the end of 9 months. The adjustment required if Marin Company prepares financial statements on June 30 includes a(n)

• A. Decrease to Interest Payable and to Cash for $15900.

• B. Increase to Interest Expense and a decrease to Cash for $15900.

• C. Decrease to Interest Payable and to Interest Expense for $15900.

• D. Increase to Interest Expense and to Interest Payable for $15900.