On November 1, 2019, Bob's Burgers signed a $300,000,6% six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2020. The appropriate adjusting entry was recorded on Dec 31 On May 1, 2020 while recording the journal entry for the repayment Bob's Burgers will have the following for interest payable and interest expense: Note Payable $300,000 Interest Expense $6,000 A. Interest Payable $3,000 Cash $309.000 Note Payable $300.000 Interest Expense $6,000 Interest Payable $3.000 $303,000 Note Payable Interest Expense Interest Payable $300,000 57.500 $1.500 $300,000 Note Payable Interest Expense Cash 5300.000 $9.000 $309,000