On October $1,2022,$ Sheridan Company issued an $$837000,12\%,9-$month interest$-$bearing note. If the Sheridan Company is preparing

financial statements at Decernber $31,2022,$ the adjusting entry for accrued interest will include a:

debit to Interest Expense of $$37665.$

credit to Notes Payable of $$25110.$

debit to Interest Expense of $$25110$

credit to Interest Payable of $$50220.$