On May 1, 2015, Alang Corporation borrowed $3,600 on a two-year, 6% note payable. Interest is due and payable at the end of each six months. Alang makes all interest payments on schedule. The correct December 31, 2016, adjusting entry would be
A) ?Interest Expense 36Interest Payable 36?
B) ?Interest Payable 144Cash 144?
C) ?Interest Expense 108Cash 108?
D) ?Interest Expense 144Interest Payable 144
A
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