On December 31, 2022, interest of $700 is owed on a bank loon that will not be paid until june 30.2023 . What is the necessary adjusting joiamal entry on December 31,2022? Mutiole chicice Oebit interest Fxpense and creda Cash for $700 Debit interest Expense and creda interest Payable for 5700. Debl hterest Payatle and credit literest Expense for 5700 Debit interest fecetvable and creot interest formuie for $100