On December 1st of last year, Richard Pryor borrowed 55.800 from Last Chance National Bank. The loan carries an interest rate of 10.0% and is due on August 31st of this year. What should be recorded on December 31st of last year? Nothing Date Debit Credit Account 31-Decinerest Expense Interest payable 5580 Date Account 31-Decinterest Expense Interest payable Debit Credit 4833 $48.33 Debit Credit Account 31-Decinterest Expense 5580