On December $1,2020,$ Ruby Ltd$.$ borrowed $$180,000$ from their bank, by signing a four$-$month, $5\%$ interest$-$bearing note. Assuming Ruby has a December $31$ year end and does not use reversing entries, the journal entry to record payment of this note on April $1,2021$ will include a

Select one:

debit to Interest Payable of $$750.$

debit to Interest Expense of $$3,000.$

debit to interest Payable of $$2,250.$

credit to Note Payable of $$180,000.$