Tate Company purchased equipment on November $1,2020$ and gave a $3-$month,

$9\%$ note with a face value of $$80,000.$ The December $31,2020$ adjusting entry is

A$.$ debit Interest Expense and credit Interest Payable, $$1,800.$

B$.$ debit Interest Expense and credit Cash, $$1,200.$

C$.$ debit Interest Expense and credit Interest Payable, $$1,200.$

D$.$ debit Interest Expense and credit Interest Payable, $$7,200.$