Thompson Company purchased a building for $90,000 on December 1 in exchange for a one-year loan at 7% with interest and not to be paid one year later, Assuming the company uses the accrual basis, what would be the adjusting entry on December 31? 6,300 O A. Interest Payable Interest Expense 6,300 525 OB. Interest Payable Interest Expense 525 525 OC. Interest Expense Interest Payable 525 6,300 OD. Interest Expense Interest Payable 6.300