On November 1, 2013, Aladdin Inc. (the borrower) issued a 12%, 2-month, $50,000 interest-bearing note to Genie Inc. (the lender). The principal amount is due on January 1, 2014 and the interest is payable monthly on December 1, 2013, and January 1, 2014. The fiscal year end is December 31, 2013. The journal entry for Aladdin on January 1, 2014 will include: O A debit to interest payable for $3,000 O A credit to Note Payable for $50,000 O A credit to cash for $50,500 O A debit to interest expense for $500