Watunga County Bank agrees to lend Hoffman Granite Company $600,000 on January 1. Hoffman Granite Company signs a $600,000, 9%, 9-month note. What is the adjusting entry required if Hoffman Granite Company prepares financial statements on June 30? Select one: a. Interest Expense.. 24,000 Cash....... 24,000 b. Interest Payable......... Interest Expense .24,000 24,000 c. The answer does not exist d. interest Expense..... Interest Payable .24,000 24,000 e. Interest Payable. 24,000 Cash...... 24,000