On October 1, 2013, you borrow $210,000 at 10% interest and record the promissory note. In April and again in October of the following year, you are required to pay half the annual interest to your creditor. On December 31, 2013, your adjusting journal entry for the quarter should:

	debit Interest Expense for $10,500 and credit Interest Payable for $10,500.
	debit Interest Expense for $10,500 and credit Cash for $10,500.
	debit Interest Expense for $5,250 and credit Interest Payable for $5,250.
	debit Interest Payable for $5,250 and credit Interest Expense for $5,250.