O, O o D 0 0 0 C > W E P T R O S D F G K X C V. B 00 N a On October 1, 2018, a Company borrows $214,000 on a note that requires the company to pay 10% interest on March 31 and September 30 on December 31, 2018, the adjusting entry to accrue interest on the note should debit Multiple Choice Interest Expense and credit Interest Payable for $10,700 Interest Expense and credit Cash for $10,700 Interest Expense and credit Interest Payable for $5,350 Interest Payable and credit Interest Expense for $5,350