At December 31,Year 1,the Adjusting Entry with Respect to This

Multiple Choice

At December 31,Year 1,the adjusting entry with respect to this note includes a:

A) Credit to Interest Payable for $1,600.
B) Credit to Notes Payable for $1,600.
C) Debit to Interest Expense for $3,200.
D) Credit to Cash for $3,200.