On November 1, a company signed a $15,000, 90-day, 4% note payable. If the company's year-end is December, 31, what is the adjusting entry to record the accrued interest on December 31?

Group of answer choices

a)Debit Interest Payable, $100; Credit Cash, $100.

b)Debit Interest Expense, $50; Credit Interest Payable, $50.

c)Debit Interest Expense, $150; Credit Interest Payable, $150.

d)Debit Interest Expense, $100; Credit Interest Payable, $100.