Valor Company issued a $10,000 face value note to the State Bank on October 1, Year 1. The note had a 12 percent annual interest rate and a one-year term. Which of the following general journal entries would be necessary to record accrued interest on December 31, Year 1? Interest Expense $900 Interest Payable $900 Interest Payable $900. Interest Expense $900 O Interest Expense $300 Interest Payable $300 Interest Payable $300 Interest Expense $300