DR: Cash $12,000; CR Bond Payable $12,000 Question 6 10pts Sub-Cinema Inc. borrowed $10,000 on Jan. 1 and will repay the loan with 12 equal payments made at the end of the month for 12 months. The interest rate is 12% annually. If the monthly payments are $888.49, what is the journal entry to record the first payment made on Jan. 31 ? DR: Interest Expense 888.49; CR: Cash 888.49 DR: Note Payable 888.49; CR: Cash 888.49 DR: Interest payable 788.49; Cash 788.49 DR: Interest Expense 100, Note Payable 788.49; CR: Cash 888.49