On October 1, 2019, Muscat Company borrowed OMR 8,000 cash by signing a note payable due in one year at 8% interest Interest is due when the principal is paid. If financial statements are to be prepared on December 31, the company should make the following adjusting entry. Select one a. Debit to Interest Expense, OMR 8,000; Credit to interest Payable for OMR 8,000 b. Debit to Interest Expense, OMR 640: Credit to interest Payable for OMR640. None of the answers are correct d. Debit to Interest Expense, OMR 160 Credit to interest Payable for OMR 160. e. Debit to Cash, OMR 8,000; Credit to Notes Payable for OMR 8,000