Sheffield Company purchased a truck from Ivanhoe's Semi Corp. by issuing a 6-month, 6% note payable for $117000 on November 1. On December 31, the accrued expense adjusting entry is

a	No entry is required.

b

Interest Expense	7020
Interest Payable		7020

c

Interest Expense	3510
Interest Payable		3510

d

Interest Expense	1170
Interest Payable		1170