on January 1, your company borrowed $1,000,000 from the bank. Prinicipal and interest are due in 10 months and bears interest at 6%. It is now January 31, and it is time to make an adjusting journal entry. The adjusting journal entry for this note includes:

a. a debit to interest expense for $ 60,000

b. a debit to interest expense for $5,000

c a debit to interest expense for $50,000

d. a credit to notes payable for $5,000