MyEducator Tasks 01:41:01 444 (21) On May 1, a company borrowed $100,000 under a one-year loan agreement. The annual interest rate is 3%. As of the end of the year, no entry has yet been made to record the accrued interest on the loan. Which debit or credit is correctly included in the adjusting journal entry necessary on December 31 to record the unpaid interest? O Credit to interest expense for $2,000. O Credit to interest payable for $2,000. O Debit to interest expense for $1,000. O Debit to interest payable for $1,000. 22) On December 31, a publishing company received a statement from its book distributor notifying the company that it had earned $50,000 for its December royalties. This amount will be paid to the company next year in February. Media made easy Beats Audio x 100% 52F Sunny 53PM 1/27/2022