On September 1, 2021, Gingerbread Technology, a cookie supplier, borrowed $6 million cash to fund a global cookie survey. The loan was made by Cookie Monster BancCorp under a noncommitted short-term line of credit arrangement. Gingerbread issued a nine-month, 12% promissory note. Interest was payable at maturity. Gingerbread's fiscal period is the calendar year. What is the adjusting entry for the note on December 31, 2021? dr. Interest expense $120,000; cr. Interest payable $120,000. dr. Interest expense $240,000; cr. Interest payable $240,000. Odr. Cash $6 million; cr. Notes payable $6 million. dr. Interest expense $420,000; cr. Interest payable $420,000. O None of the options listed.