On August 1, 2018 Company A borrows $45,000 from a bank, on a 9 month, 6% note.

The company pays the note with interest at the maturity date, August 30, 2019. Record the payment at the maturity date of the note include a:

A. debit to Interest Expense 1,200

B. credit to Interest Payable 1.125

C. debit to Interest Expense 2,020

D. debit to Interest Expense 900

E/ credit to Notes Payable 45,000

Please explain answer in detail