please do it in 15 minutes please urgently.. I'll give you up thumb definitely

empt Question 14 (2 points) Listen Kinsella Seed borrowed $300,000 on October 1, 2019, at 8% annual interest rate. The interest and principal are due on October 1, 2020. Kinsella's fiscal year ends at December 31. What journal entry should be made with respect to the interest payment on October 1, 2020? Debit Interest Expense 24,000; Credit Cash 24.000 Debit Interest Expense 18,000; Credit Cash 18,000 Debit Interest Expense 20,000; Debit Interest Payable 4,000; Credit Cash 24,000 Debit Interest Expense 18,000; Debit Interest Payable 6,000; Credit Cash 24,000