On December 1, 2021, ABC Company, borrows $10,000 cash to expand operations. The loan is made by First Bank under a short-term line of credit arrangement. The company signs a six-month, 9% promissory note. Interest is payable at maturity. ABC's year-end is December 31. Required: ABC Company should record which of the following adjusting entries at December 31, 2021? O Dr. Interest expense and Cr. Interest payable, $75 O Dr. Interest expense and Cr. Interest payable, $150 O Dr. Interest expense and Cr. Cash, $75 Dr. Interest expense and Cr. Cash, $150 What amount of cash will be needed to pay back the note payable plus any accrued interest on June 1, 2022? O $10,450 O $10,900 $10,750 $10,375 In connection with this note, ABC Company should report interest expense in 2022 for the amount of: $375 O$900 $750 TO $450