On July 1,20X0, CriCo takes out a 10%, $10,000 note payable that is due on July 1, 20X1. No interest is accrued at year end. To correct the error in 20x0, you need to record just the adjusting entry that was not made because...

A. An account expense is involved

B. No error was made recording the note payable on July 1,20x0

C. An accrual is involved rather than a federal

D. The books have not been closed