On November 1, 2017, Best Corp. signed a three-month, zero-interest-bearing note for the purchase of $80,000 of inventory. The maturity value of the note was $81,200, based on the bank’s discount rate of 6%. The adjusting entry prepared on December 31, 2017, in connection with this note will include a

debit to Note Payable for $800.
credit to Note Payable for $800.
debit to Interest Expense for $1,200.
credit to Interest Expense for $800.