Coronado Music Store borrowed $$27600$ from the bank signing a $10\%,3-$month note on September $1.$ Principal and interest are payable to the bank on December $1.$ If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on September $30,$ would be

Debit Notes Payable, $$2760$; Credit Cash, $$2760.$

Debit Interest Expense, $$2760$; Credit Interest Payable, $$2760.$

Debit Interest Expense, $$230$; Credit Interest Payable, $$230.$

Debit Cash, $$690$; Credit Interest Payable, $$690$