Dr. Ninez obtained a bank loan for an office building for $ 150,000 . The monthly loan interest is $ 130.00 and the cash loan payment is $ 1200 . How would the interest and bank loan payment be recorded ? Account Number Description Debit Credit Interest Bank Loan a The interest would be credit and the payment would be a debit The interest would be a debit and the payment would be a credit The interest and payment would be a credit The interest and payment would be a debit