On November 1, 20x1, a company signed a $200,000, 12%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 20x2. The company should report the following adjusting entry at December 31, 20x1: Multiple Choice Debit interest expense and credit cash $12,000 Debit interest expense and credit interest payable, $4.000 Debit interest expense and credit interest payable, $12.000 Debit interest expense and credit cash 54,000