Evelyn Company borrowed $100,000 on January 1, 20X1. Evelyn signed a note promising to repay the $100,000 as follows: interest-only payments (of 8%) on December 31 of each year for the next five years and repayment of the entire $100,000 note principal at the end of five years. Which ONE of the following is included in the journal entry necessary to record the first interest payment on December 31, 20X1? CREDIT Notes Payable for $8,000 DEBIT Interest Expense for $8,000 DEBIT Notes Payable for $8,000 CREDIT Interest Expense for $8,000