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4) A payment of $20,000 principal plus $2,000 interest is made against a loan. Which of the following is correct? a) Debit Cash $22,000, Credit

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4) A payment of $20,000 principal plus $2,000 interest is made against a loan. Which of the following is correct? a) Debit Cash $22,000, Credit Loan $20,000, Debit Interest Expense $2,000 h) Credit Cash $22,000, Credit Loan $20,000, Credit Interest Expense $2,000 Credit Cash $20,000, Debit Loan $20,000, Debit Interest Expense $2,000 Credit Cash $22,000, Debit Loan $20,000, Credit Interest Expense $2,000 None of the above is correct

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