on October 1st 2021, highview company borrows $215,000 on a three-year note that requires the company to pay 12% interest on March 31 and September 30. December 31 2021 the adjusting entry to accrue interest on the note should debit:

Interest Payable and credit Interest Expense for $6,450. O Interest Expense and credit Interest Payable for $12,900. Interest Expense and credit Interest Payable for $6.450. Interest Expense and credit Cash for $12.900