Vaughn Manufacturing borrowed $S1000 from the bank signing a 7%, 3-month note on September 1. Principal and interest are payable to the bark on December 1 If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on September 30, would be: O debit interest Expense. $3570: credit interest Payable, $3570. O debit Cash, $894,credit Interest Payable, $894. O debit Note Payable, $3570;credit Cash $3570. O debit Interest Expense, $298; credit Interest Payable, $298