ne journal entry required to accrue interest as of December 31, Year 1? Multiple Cholce

Manhattan Company recorded an adJustlng entry to accrue Interest owed ot SSSO as ot December 31, Year 1. When the related note Is paid during Year 2 the company wlll pay $950 In Interest. Wtnlctn ottne followlng correctly records the Journal entry required to accrue Interest as ot December 31, Year 1? Multlple Cholce O O O Account Title Interest Expense Interest Payable Account Title Interest Expense Cash Account Title Interest Expense Cash Interest Payable Account Interest Expense Interest Payable Cash Title Debit 550 Debit 550 Debit 950 Debit 550 Credit 550 Credit 550 Credit 550 Credit 950