On September 30, 2016, the Esquire Company sold some merchandise to Callxpress Company. In payment, Esquire agreed to accept a note maturing on June 30, 2017. The note is a $50,000, 9-month, 8% interest-bearing note requiring the payment of principal and interest on June 30,2017 . The 8% rate is appropriate in this situation. The adjusting entry that the Callxpress Company should prepare on December 31, 2016 includes a: Credit to Interest Payable by $900. Credit to Interest Payable 1333 Credit to Interest Payable by $1000 Credit to Discount on Notes Payable by $900