On August 1, 2017, a company borrowed cash and signed a one year interest bearing note on which both the face value and interest are payable on August 1,2018. Hoe will the note payable and the related interest be classified in the December 31, 2017, balance sheet?

Notes Payable Interest payable

A. Notes payable: noncurrent liability

Interest payable: current liability

B. Notes payable: current liability

Interest payable: current liability

C. Notes payable: current liability

Interest payable: noncurrent liability

D. Notes payable: noncurrent liability

Interest payable: Not shown