Fill in the blank question.

A company borrowed $$10,000$ from the bank at $5\%$ interest. The loan has been outstanding for $45$ days. Demonstrate the required adjusting entry for this company by completing the following sentence. The required adjusting entry would be to debit the Interest $($expense$/$payable$/$receivable$)$

account and $($debit$/$credit$)$

the Interest

$($expense$/$payable$/$receivable$)$ account.