On October 1, Vacation Destinations borrows $1.5 million and issues a six-month, 8% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of the reporting period.

Debit Account title [ Select ] ["Notes Payable", "Interest Expense", "Interest Revenue", "Cash", "Interest Payable"] for the amount [ Select ] ["120,000", "30,000", "1,500,000", "40,000", "60,000", "10,000", "20,000"]

Credit Account title [ Select ] ["Interest Revenue", "Cash", "Interest Payable", "Interest Expense", "Notes Payable"] for the same amount as above.