5. On December 1, 2019 Kavanagh, Inc. borrowed $300,000 at 8% annual interest (monthly interest expense=$2,000) from Whitney Bank. Interest gets paid when the loan is paid back one year later. What is Kavanagh's adjusting journal entry for accrued interest expense on December 31, 2019? A) debit Interest Payable, $2.000; credit Interest Expense, $2,000. B) debit Interest Expense, $2,000: credit Interest Payable, $2,000. C) debit Interest Expense, $2,000: credit Cash, $2,000. D) debit Prepaid Interest (asset), $2,000; credit Interest Expense, $2,000