Fisher $-$ Wallace Corporation signed a six$-$month note payable on October $23,2021.$ What accounts relating to the note payable will be reported on its financial statements for the fiscal year ending December $31,2021?$

A$.$ Notes payable and interest payable will be reported on the balance sheet.

B$.$ Notes payable, interest payable, and interest expense will be reported on the balance sheet.

C$.$ Interest receivable will be reported on the balance sheet and notes payable will be reported on the income statement.

D$.$ Notes payable will be reported on the balance sheet and interest payable will be reported on the income statement.