On April 1st 2023 Jamboree Sales purchased inventory for $40,000 by signing a one-year note payable, due March 31, 2024. The note bears interest at an annual rate of 8%. 18) Refer to Table 11-12. What is the correct adjusting journal entry on December 31, 2023? A) Interest expense 2,592 Interest payable 2,592 B) Interest expense 2,400 Interest payable 2,400 C) Interest revenue 2,400 Interest payable 2,400 D) Interest receivable 2,400 Interest revenue 2,400