The transactions below pertain to Dunhill Company, whose fiscal year ends April 30.

April	10	Received cash for a 90-day, 12 percent, $50,000 note payable. Interest is in addition to the face value.
30	Made end-of-year adjusting entry to accrue interest expense.

The April 30 adjusting entry, rounded to the nearest dollar, to accrue the interest expense on the note payable is:

a.

Interest Expense	329
Cash		329

b.

Cash	329
Interest Expense		329

c.

Interest Expense	329
Interest Payable		329

d.

Interest Expense	329
Notes Payable		329