On November 1, Year 1, Noble Company borrowed $68,000 from South Bank and signed a 9%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, Year 1, the adjusting entry with respect to this note includes: Multiple Choice Credit to Interest Payable for $1,020. Credit to Notes Payable for $1020 Debit to Interest Expense for $2.040, Credit to Cash for $2,040