Question 30. Uncle Tupelo's Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on November 1 in the amount of $74800 with annual interest of 12%. What is the adjusting entry to be made on December 31 for the interest expense accrued to that date, if no entries have been made previously for the interest? Interest Expense 1496 Notes Payable 1496 Interest Expense 1496 Interest Payable 1496 Interest Expense 2244 Interest Payable 2244 Interest Expense 1496 Cash 1496 i need text answer only otherwise skip