Wisconsin Bank lends Local Fumiture Company $80,000 on November 1. Local Fumiture Company signs a $80,000, 6% 4-month note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 OA debit interest Payable and credit Cash for $800 COB. debit Interest Payable and credit interest Expense for $800 OC. debit interest Expense and credit Cash for $800 OD. debit interest Expense and credit interest Payable for $300