On November 1, Mark Company borrows $50,000 from National Bank on a 4-month, $50,000, 6% note. The company prepares its financial statements annually. What entry must Mark Company make on December 31 before financial statements are prepared? * Debit interest payable and credit interest expense of $500 Debit interest expense and credit interest payable of $1,500 Debit interest expense and credit interest payable of $750 None of the above inter