Assume a business records a journal entry that, among other things, debits interest expense and NEITHER debits nor credits cash.Choose the item that most accurately and completely describes this situation.

The business is recording the purchase of an asset financed by issuing debt

The business is generating funds by borrowing money

The business is issuing a note to replace an account payable

The business is recording an interest payment

The business is recording interest accrued at the end of an accounting period

The business is recording the payment made on the maturity date of a note