Accounting

On November 1, Carter Company signed a 120-day, 9% note payable, with a face value of $16,200. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.) No journal entry required. Debit interest expense, $162; credit interest payable, $162. Debit interest expense, $243; credit interest payable, $243. Debit interest expense, $324; credit interest payable, $324. Debit interest expense, $486; credit interest payable, $486.