At the end of December, a business has accrued $1,450 of interest on a loan, on which it will not make another payment until the next year. The adjusting entry necessary would be journalized as a a. debit to Interest Expense and a credit to Interest Payable of $1,450 x b. debit to Interest Payable and a credit to Interest Expense of $1,450 c. debit to Prepaid Interest and a credit to Interest Expense of \$1,450 d. debit to Interest Expense and a credit to Prepaid Interest of \$1,450