What is the journal entry to accrue for interest expense on 12/31/20X1?

USE THE FOLLOWING INFORMATION FOR QUESTION #2 R&R Corporation borrows money from OBX Corp which is denoted as a note payable with the following details: Borrowing Date 9/1/20X1 Amount of Note Payable $300,000 Length of Note until Maturity 6 Months Annual Interest Rate 6.00% Assume Interest is paid only on the Maturity Date 2. What is the journal entry to accrue for interest expense on 12/31/20X1? A. Debit interest Expense for $18,000, Credit Interest Payable for $18,000 B. Debit interest Expense for $6,000. Credit Interest Payable for $6,000 C. Debit Interest Expense for $9.000. Credit Interest Payable for $9,000 D. No Journal Entry Required