On October 1, year 1, Long Bomb's Golf Service Limited borrows $80,000 from Birdie Bank by signing a 3-month, 580,000, 4% bank loan. Interest is due at the end of the loan. What adjusting entry is required at December 31, Year 1? Select one a. Dr Interest Expense S267/Cr Interest Payable $267 O b. Dr Interest Expense 5800 / Cr Interest Payable $800 A OC Dr Interest Payable $267/ Cr Interest Expense $267 O d. Dr Interest Payable $800 / Cr Interest Expense $800