【单选题】On December 1, Miller Company borrowed $300,000, at 8% annual interest, from the Nomo Bank. Miller has 60 days before the first payment is required. What is the adjusting entry that Miller would need ...
A.
debit Interest Payable, $2,000; credit Interest Expense, $2,000
B.
debit Interest Expense, $2,000; credit Interest Payable, $2,000
C.
debit Interest Expense, $2,000; credit Cash, $2,000
D.
debit Interest Expense, $4,000; credit Interest Payable, $4,000.
E.
debit Interest Expense, $24,000; credit Interest Payable, $24,000.