On October 1, 2020, Barakat Company borrows $20,000 from First Street Bank on al annual interest rate is 10%. Assuming adjusting entries are only prepared at year-end make the following adjusting entry: Click here to use calculator Select one: a. Debit Interest Receivable, $500; Credit Interest Revenue, $500. b. Debit Interest Payable, $500, Credit Interest Expense, $500. Debit Interest Expense, $2,000, Credit Interest Payable, $2,000. d. Debit Interest Expense, $500, Credit Interest Payable, $500