1 pts Livingstone Corporation borrowed $250,000 on October 1, 2020 at 8% annual interest. Livingstone must repay the $250.000 plus the interest on July 1, 2021. Livingstone makes its adjusting entries for the year ended at December 31, 2020, what journal entry shodd Livingstone make for the year ended December 31, 2020 assuming no entry has been made in 2020 to date? Debit Interest Expense 20,000; Credit Interest Payable 20,000 Debit Interest Expense 10,000; Credit Interest Payable 10,000 Debit Interest Payable 5,000; Credit Interest Expense 5,000. Debit Interest Expense 5,000; Credit Interest Payable 5,000. Question 13