On 5/1/X3, Jordan borrows $25,000 from Wells Fargo for a new car, executing a three-year note payable at a low, low 5.5% annual interest rate. Interest is payable every 5/1. Jordan's entry on 12/31/X3 would include: none of the above a debit to Interest Payable of 1375 a credit to Cash of 1375 a debit to Interest Expense of 917 a credit to Cash of 917 Question 2 2 pts On 10/1/x3, Derek bought a $100,000 home paying for 30% of the price in cash and executing a 30-year, 8% mortgage payable for the rest. Monthly payments are $514. The journal entry for the second of the monthly interest payments would include (round to the nearest dollar) a debit to Interest Expense of 466 a debit to Interest Expense of 467 a debit to Interest Expense of 667 O a debit to Interest Expense of 1750