Question 4 (3 points) Metzger Company borrowed $20,000 from the Second National Bank on Septembe 1, 20X4. The note carries an annual interest rate of 12%, which will be paid once a year on August 31. The company has not recognized any interest expense during 20X4. What is the journal entry necessary to recognize interest expense as of December 31, 20X4? I Dr. Cr. a) Interest Expense 800 Interest Payable 800 b) Interest Expense 800 Notes Payable 800 c) Interest Payable Interest Expense 800 800 d) Interest Expense Interest Payable 2,400 2,400 e) Interest Expense 2,400 Notes Payable 2,400