On January 1, Year 1, Stratton Company borrowed $250,000 on a 10-year, 9% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $38,955 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31 , Year 2 is (round to the nearest dollar): Multiple Choice Debit Interest Expense \$21.019, debit Notes Payoble $17,936, credit Canh $38,955. Debit interest Expense \$22,500; debit Notes Payable $16,455; credit Cash $38,955. Debit Notes Payable $38,955; credit Cash $38,955; Debit Interest Expense $21,019, debit Notes Payable $17,936, credit Cash $38,955. Debit Interest Expense \$22,500; debit Notes Payable \$16,455; credit Cash $38,955. Debit Notes Payable $38,955, credit Cash $38,955. Debit Notes Payable \$22,500; debit Interest Expense $16,455; credit Cash $38,955. Debit Notes Payable $250,000; debit interest Expense $13,955, crecit Cash $38,955