Question: The maker of a note payable needs to record an adjusting journal entry for 30 days of accrued interest on a $75,000 note carrying 12%

The maker of a note payable needs to record an adjusting journal entry for 30 days of accrued interest on a $75,000 note carrying 12% interest. The adjusting journal entry will do which of the following? O a. Debit interest expense $9,000 O b. Credit interest expense $9,000 O c. Debit a short-term liability of $750 O d. Credit a short-term liability of $750

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