1. On September 1, 2022, a company borrowed $120,000 from Eighth National Bank on a 1-year, 8% note. The interest and principal are due on the date of maturity. Refer to the information above, what adjusting journal entry should be recorded on December 31, 2022?

   		Debit interest expense 2,400; credit interest payable 2,400
   		Debit interest expense 3,200; credit interest payable 3,200
   		Debit interest payable 3,200; credit interest expense 3,200
   		Debit interest expense 9,600; credit interest payable 9,600
   		Debit interest payable 9,600; credit interest expense 9,600