A company borrowed

$4,000

from the bank at an interest rate of

9%

. By the end of the accounting period, the loan had been outstanding for 30 days. Demonstrate the required adjusting entry by choosing the correct statement below.\ Credit Unearned revenues for

$30

.\ Debit Interest expense for

$30

.\ Credit Interest expense for

$30

.\ Debit Interest payable for

$30

.

A company borrowed $4,000 from the bank at an interest rate of 9%. By the end of the accounting period, the loan had been outstanding for 30 days. Demonstrate the required adjusting entry by choosing the correct statement below. Credit Unearned revenues for $30. Debit Interest expense for $30. Credit Interest expense for $30. Debit Interest payable for $30