Question 12 First National Bank agrees to lend $100,000 on September 1, 2014, if Cole Williams Co. signs a $100,000, 12%, four-month note maturing on January 1.the adjusting entry on Dec. 31; Not yet answered Marked out of 1.00 Flag question O a Debit Interest payable 4,000 and credit Interest expense 4,000 O b. Debit Interest expense 4,000 and credit Cash 4,000 OC. Debit Interest expense 4,000 and credit Interest payable 4,000 O d. Debit Cash 4,000 and credit Interest payable 4,000 Next Previous page 4:43 2021/6/23 ENG 40 la DELL Esc F F2 F3 F4 F5 F6 F7 FB FO 6 % & * $ 4 2 3 5 6 7 8