None 90. MIRE. NOUBAnalytie, AICPA BB: Novie, AICPA PC Reporting, AICPA PO None, MA Reporting, IFRS Tate Company purchased equipment on November 1, 2020 and gave a 3-month, 9% note with a face value of $80,000. The December 31, 2020 adjusting entry is a. debit Interest Expense and credit Interest Payable, $7,200. b. debit Interest Expense and credit Interest Payable, $1,800. c debit Interest Expense and credit Cash, $1,200, I d. debit Interest Expense and credit Interest Payable, $1,200