On 1 September 2022 Carlson Limited borrowed $10,000 from the bank for three months at the annual interest rate of 9% per annum. Principal and interest are payable to the bank on 1 December 2022. If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on 30 September 2022, would be: Select the one correct answer: O Debit Promissory note payable, $900; Credit cash, $900. Debit Interest expense, $300; Credit Interest payable, $300. Debit Interest expense, $900; Credit Interest payable, $900. Debit Interest expense, $75; Credit Interest payable, $75