On December 1, 2024, Chopper Motorcycles Corp. borrowed $30,000 from their bank, and signed a 5%, 3-month bank loan. Principal and interest are due on March 1, 2025. The adjusting entry for interest on December 31, 2024, would be a. debit Interest Expense, $375; credit Interest Payable, $375. b. debit Bank Loan Payable, $375; credit Cash, $375. C. debit Interest Expense, $125; credit Interest Payable, $125. d. debit Cash, $125; credit Bank Loan Payable, $125.