Indicate the Best Answer for Each Question in the Space

Indicate the best answer for each question in the space provided.
On November 30, Year 1, Central Food purchased two trucks for a total of $140,000, issuing a one-year, 6% note payable, all due at maturity. The interest on this loan is stated separately.
-Refer to the above data. The December 31, Year 1, adjusting entry for this note includes:

A) A credit to Cash for $1,400.
B) A credit to Interest Payable for $8,400.
C) A credit to Interest Payable for $1,400.
D) A credit to Interest Payable for $700.