]Your answer is incorrect. Try again. Holiday Gifts 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 $75000 with annual interest of 6%. What is the ad sting entry to be made on December 31 or the interest expense accrued to that date r noe tries have been made re low, fo the interest? Interest Expense 750 Cash 750 Interest Expense 750 Notes Payable 750 Interest Expense 750 Interest Payable 750 Interest Expense 1125 Interest Payable 1125