Patrick Trash Haulers borrowed 53,000 on July 1, 2020. The loan had an interest rate of 9%. The principal and interest is to be repaid on May 31, 2021. They made the appropriate adjusting journal entries on December 31, 2021 - the last day of their fiscal year. Their journal entry on December 31 would include: Group of answer choices Credit Cash $4,770. Debit Interest Expense $2,385. Debit Interest Payable $2,385. Debit Interest Payable $1,987.50. 6:05 AM