On September 1, 2019, Able Company purchased a building from Regal Corporation by paying $200,000 cash and issuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 9% and is paid at maturity. In its December 31, 2019, balance sheet, Able correctly presented the note and interest payable as follows: * Interest payable $18,000 * Notes payable, 9% due September 1, 2020 $600,000 The adjusting entry at December 31, 2019, with respect to this note included:

1.A credit to Notes Payable for $18,000. 2. A credit to Cash for $18,000. 3. A debit to Interest Expense for $18,000. 4. A credit to Interest Expense for $18,000.