Zebra pays $5,000 in interest on notes consisting of $3,000 of interest that was accrued during the last counting period and $2.000 of interest that accumulated during the current accounting period but has not yet been accrued on the books The journal entry for the interest payment should include a Multiple Choice debit to Interest Expense for $2,000, a debit to interest Payable for $3,000, and a credit to Cash for $5,000, debit to Cash for $5,000 and a credit to Interest Payable for $5,000 debit to interest Payable for $3,000, a debit to Accrued interest for $2,000, and a credit to Cash for $5,000. debit to Interest Expense for $5,000 and a credit to Cash for $5,000