On October 1, 2015, Jacobs Beach Umbrellas borrowed $10,000 on a 12%, one-year note payable. Interest was payable semiannually. A correct adjusting entry was made on December 31, 2015, and a correct reversing entry was made on January 1, 2016. The entry that should be made on March 31, 2016, is

Select one:

a. DR: Interest Expense $600; CR: Cash $ 600

b. DR: Interest Payable $600; CR: Cash $600

c. DR: Interest Expense $300; CR: Cash $300

d. DR: Interest Expense $300; DR: Interest Payable $300; CR: Cash $ 600