Thompson Company purchased a building for $90,000 on December 1 in exchange for a one-year loan at 3% 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 317 OA. Interest Payable 2,700 Interest Expense 2,700 OB. Interest Payable Interest Expense 225 225 OC. Interest Expense Interest Payable 225 225 OD. Interest Expense 2,700 Interest Payable 2,700