Question 7 (1 point) Manitoba Metals Ltd lent $100,000 to Coltraine Ltd. at an interest rate of 5%. Both the loan and all the interest are to be repaid after two years. At the end of the first year what is the entry required on Manitoba's books? (Dr. Debit and Cr. Credit) Dr. Interest revenue $5,000, Cr. Interest payable $5,000 Dr. Interest expense $5,000, Cr. Interest payable $5,00 No entry is required until the amount becomes due. Dr. Interest receivable $5,000, Cr. Interest revenue $5,000