Question 8 Not yet answered Marked out of 100 P Flag question A Bank agrees to lend Irbid Company $400,000 on January 1. The Company signs a $400,000,8%, 9-month note. What is the adjusting entry required if the Company prepares financial statements on June 30? A. Interest Expense.... 16,000 Interest Payable 16,000 B. Interest Expense. 16,000 Cash. 16,000 C. Interest Payable. 16,000 Cash...... 16,000 D. Interest Payable... 16,000 Interest Expense. 16,000 Select one: Option A O Option B O Option Option D