XYZ Company signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on November 1 in the amount of $50,000 with annual interest of 6%. What is the adjusting entry to be made on December 31 for the interest expense accrued to that date: O A. interest expense 250 interest payable 250 O B. interest expense 250 note payable 250 O C. interest expense 500 interest payable 500 O D. interest expense 500 cash 500