Tate Company purchased equipment on November 1, 2014 and gave a 3-month, 9% note with a face value of $60,000. The December 31, 2014 adjusting entry is

A) debit Interest Expense and credit Interest Payable, $5,400 B) debit Interest Expense and credit Interest Payable, $900 C) debit Interest Expense and credit Interest Payable, $1,350 D) debit Interest Expense and credit Cash, $900