On October 1, 2018, Campbell Limited borrows $80,000 from Mega Bank by signing a 3-month, $80,000, 4% bank loan. Interest is due the first of each month. The entry by Campbell Limited to record payment of the loan and accrued interest on January 1, 2019 is

Question 38 options:

1)	Bank Loan Payable 80,000 Interest Payable 800 Cash 80,800

2)	Bank Loan Payable 80,000 Interest Payable 267 Cash 80,267

3)	Bank Loan Payable 80,000 Interest Expense 800 Cash 80,800

4)	Bank Loan Payable 83,200 Cash 83,200