Wisconsin Bank lends Local Furniture Company $200,000 on journal entry made by Local Furniture Company on December 31 is: obe N vember 1 Local Fu Local Funiture ure Company sgrs a szo o 9%,4 . The fiscal year end of Leeal Fu m th n ture Company is December 31 Th e O A. debit interest Expense and credi Cash for $3,000 B. debit Interest Expense and credit interest Payable kr S3.000 O G. debit interest Payable and creait interest Expense for $3,000 OD. debit Interest Payable and credt Cash for $3,000