7pts Question 5 P-Rock Company borrowed $16,600 on May 31, 20X1. The loan has an annual interest rate of 10%. P-Rock Company repaid the loan in full (both principal and interest) on May 31, 20x2. No payments were made on the loan between May 31, 20X1 and May 31, 20X2. Note: The correct adjusting entry with respect to this loan was recorded on December 31, 20X1. The single journal entry to record the repayment of the loan (both principal and interest) on May 31, 20X2 includes which of the following? O A DEBIT to Interest Expense for $692 O A CREDIT to Interest Expense for $692 O A DEBIT to Interest Payable for $692 O A CREDIT to Interest Payable for $968