On April $1,$ Sam's Painting Service borrows $$100,000$ from National Bank on a $6$month, $$100,000,6\%$ note. What entry must Sam's Painting Service make on April $30$ before financial statements are prepared?

debit Interest Payable $1,000$; credit Interest Expense $1,000$

debit Interest Expense $5,000$; credit Cash $5,000$

debit Note Payable $3,000$; credit Interest Payable $3,000$

debit Interest Expense $500$; credit Interest Payable $500$