AAA Steak Restaurant has a December 31st year end. On January 1st, 2021. AAA took out a $50,000 bank loan to buy new kitchen equipment. The loan has an interest rate of 10% annually. The loan and the interest will be paid at the end of five years. What adjusting entry is necessary on December 31st, 2021? Select one: O a. No entry is required b. Increase Interest payable $5,000; Increase Interest expense $5,000Debit Accounts Receivable and Credit Service Revenue c. Decrease Bank Loan payable $5,000; Increase interest expense $5,000Debit Accounts Receivable and Credit Unearned Revenue d. Decrease Cash $5,000; Decrease Bank Loan payable 55,000Debit Cash and Credit Service Revenue