On October 1, 2021, Highview Company borrows $207,000 on a three-year note that requires the company to pay 12% interest on March 31 and September 30. On December 31, 2021, the adjusting entry to accrue interest on the note should debit: Multiple Choice Interest Expense and credit Interest Payable for $6,210. Interest Expense and credit Cash for $12,420. Interest Payable and credit Interest Expense for $6,210. Interest Expense and credit Interest Payable for $12,420