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What is the adjusting entry required

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Question - West County Bank agrees to lend Sandhill Co. $508000 on January 1. Sandhill Co. signs a $508000, 6%, 6-month note. What is the adjusting entry required if Sandhill Co. prepares financial statements on March 30?

Interest Expense7620      Interest Payable 7620

Interest Expense15240      Interest Payable 15240

Interest Expense15240      Cash 15240

Interest Payable7620      Interest Expense 7620

Reference no: EM131601836

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