A repayment of £15,000 has been posted to Jerry Blake’s Loan account, whereas £3,000 of this amount was paid as interest on the loan. To correct this error the journal entry would require:

(a) Debit Interest on loan account and credit Jerry Blake’s Loan a/c with £3,000

(b) Debit Interest on loan account and credit Jerry Blake’s Loan a/c with £15,000

(c) Debit Cash account and credit Jerry Blake’s Loan a/c with £3,000

(d) Debit Jerry Blake’s Loan a/c and credit Interest on loan account with £3,000