Thompson Company purchased a building for $60,000 on December 1 in exchange for a one-year loan at 10% with interest and note to be paid one year later. Assuming the company uses the accrual basis, what would be the adjusting entry on December 31? 6,000 O A. Interest Payable Interest Expense 6,000 6,000 B. Interest Expense Interest Payable 6,000 500 O C. Interest Expense Interest Payable 500 500 OD. Interest Payable Interest Expense 500