Unearned Rent Revenue d) Insurance Expense Prepaid Insurance 21. Ed mond Office Equipment borrowed $70,000 at a 5% annual interest rate on July 1. Principal and are due on December 31. The company's fiscal year ends on October 31. What adjusting entry at date? (Do not round intermediary calculations. Only round your final answer interest should be made on th to the nearest dollar.) a) No entry Interest Expense 1750 1750 Interest Payable Interest Expense 1167 1167 Interest Payable d) 1167 Prepaid Interest 1167 Interest Payable