On the first day of January, Harris, Inc. borrowed $5,000 on a oneyear note payable bearing interest at 3% per year. The note specifies that principal and interest must be paid in full at the end of the oneyear period. On June 30, the adjusted trial balance will show Interest Payable of ________.

A.$ 150 debit

B.$ 75 credit

C.$ 75 debit

D.$ 150 credit