Moss County Bank agrees to lend the Metlock Company $ 580000 on January 1. Metlock Company signs a $ 580000, 6%, 9-month note. The adjustment required if Metlock Company prepares financial statements on June 30 includes a(n)

Increase to Interest Expense and to Interest Payable for $ 17400.

Decrease to Interest Payable and to Interest Expense for $ 17400.

Increase to Interest Expense and a decrease to Cash for $ 17400.

Decrease to Interest Payable and to Cash for $ 17400.