Question 48 (2 points) In payment of an open account, Kit-Kat Corporation issued a $5,000,4%, 3-month note to Ruth Ltd. on July 1. Interest is due at maturity. On Oct 1, Kit-Kat sent notification to Ruth that Kit-Kat is unable to honour the note at this time and will pay at a later date. The fiscal year end for both companies is December 31. The journal entry recorded by Kit-Kat Corporation on Oct 1 should include: o Notes Payable Interest Payable Accounts Payable 5,000 200 o 5.200 Notes Payable Interest Payable Accounts Payable 5,000 50 5,050 5,000 Accounts Payable Notes Payable 5,000 5,000 Notes Payable Accounts Payable 5.000 None of the above