Question 4 4 pts Alpha has a $60,000, 12-month, 2% loan with Beta Bank. The loan was obtained and recorded on October 1. The interest is to be paid by Alpha when the loan is due next year. Alpha should record which of the following adjusting journal entries on December 31 (end of year)? O Debit Interest Payable 900 and credit Interest Expense 900 The correct answer is not listed. Debit Interest Expense 300, credit Interest Payable 300 Debit Interest Expense 1,200, credit Interest Payable 1,200 Debit Interest Expense 900, credit Interest Payable 900