Problem:

On November 1, 2019, Norwood borrows $200,000 cash from a bank by signing a five-year installment note bearing 8% interest. The note requires equal payments of $50,091 each year on October 31.

Question:

Record the first installment payment on October 31, 2020. Assume no reversing entries were prepared. (PS i already looked for the answer in chegg and tried them but it keeps saying it's wrong... the two accounts used in this problem are interest expense and interest payable. I got interest expense which is the $13,333, but interest payable isn't the same and I cannot seem to find the right answer)