Question 38 2 pts Rotten Company borrowed $50,000 from the bank by signing a 6%, 3-month note on September 1. Principal and interest are payable to the bank on December 1. If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on September 30 would be T 1 debit Cash, $750; credit Interest Payable. $750 debit Interest Expense, $3,000; credit Interest Payable, $3,000 debit Note Payable, $3,000 credit Cash, $3,000 debit Interest Expense, $250 credit Interest Payable, $250