Tate Company purchased equipment on November 1, 2010 and gave a 3-month, 9% note with a face value of $20,000. The December 31, 2010 adjusting entry is a. debit Interest Expense and credit Interest Payable, $1,800. b. debit Interest Expense and credit Interest Payable, $450. c. debit Interest Expense and credit Cash, $300. d. debit Interest Expense and credit Interest Payable, $300