Question 8 A 12 month bank loan in the amount of $45.000 had tienen November 1. Interest is computed annualcat percent The 1000 of the Interest accrued over the 12 months of the low on 31 the upcoming year. The necessary austing entry was made on November month of accrued terest expense. However no atent has been act expense accrued in December What must be recorded on December 31 Select one a debe interest expense $3.600, Cerest payable 3.600 Ob debet interest expense $300, centres payable 5300 O cdebit interest payable $3.600 creditarest expensie 55,600 O debit interest payable $300, credit interest expense $300 Clear my choice