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Subject:ACCT335 Please solve faster i just want the correct option with out detailed answer please...

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Accounting

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Subject:ACCT335 Please solve faster i just want the correct option with out detailed answer please solve faster thanks Linda Amanadel

On October 1, 2015. Jacob's Beach Umbrellas borrowed $5,000 on a 12%, one-year note payable. Interest was payable semiannually. A correct adjusting entry was made on December 31, 2015, and a correct reversing entry was made on January 1, 2016. The entry that should be made on March 31 2016, is Select one: O a. DR: Interest Expense $150; CR: Cash $150 O b. DR: Interest Payable $300; CR: Cash $300 OC. DR: Interest Expense $150: DR: Interest Payable $150: CR: Cash $ 300 d. DR: Interest Expense $300; OR Cash $ 300

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