Appalachian Ski Shop signs a three-month note payable to help finance increases in inventory for the winter ski season. The note is signed on October 1, 2022 in the amount of $34800 with annual interest of 8%. What is the adjusting entry to be made on December 31, 2022 for the interest expense accrued to that date, assuming that no entries have been made previously to accrue interest? Interest Expense 464 Interest Payable 464 Interest Expense 232 Interest Payable 232 Interest Expense 696 Interest Payable 696 Interest Expense 2784 Note Payable 2784