QUESTION 13 16. During a game of Monopoly Player #1 mortgaged New York Avenue and received $100 from the bank. Later in the game Player #1 removed the mortgage by paying the bank the $100 principal amount plus interest expense at 10% (or $10). What is the accounting for Player #1 when the mortgage is repaid? a. Debit mortgage payable for S100, debit interest expense for $10, and credit cash for $110. b. Debit cash for $110, credit mortgage payable for $100 and credit interest expense for $10. Debit mortgage payable for $110, and credit cash for $110. d. Debit mortgage payable for $100, debit accrued interest expense for $10, and credit cash for $110