On May 1, Alang Corporation borrowed $3,600 on a two-year, 6% note payable. Interest is due and payable at the end of each six months. Alang makes all interest payments on schedule. The correct adjusting entry would be: Debit Interest Expense, $108 ; Credit Cash, $108 Debit Interest Expense, $144 : Credit Interest Payable, $144 O debit Interest Expense, $36; Credit Interest Payable, $36 O Debit Interest Payable, $144 : Credit Cash $144