On August 31, 2021, Shocker borrows $20,000 from a local bank. A note is signed with principal and 6% interest to be paid on July 31, 2022. No adjusting entries were made during the year. Record the necessary adjusting entries for Shocker at December 31, 2021 Debit Interest Expense and credit Interest Payable for $1,200 Debit Interest Payable and credit Interest Expense for $400 Debit Interest Expense and credit Interest Payable for $400 Debit Interest Receivable and credit Interest Revenue for $1,200