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Proctoring Enabled: MBA 804 Final Exam Saved Help Save Exit 4 Submit Little Elm Company borrowed $113,000 cash on September 1, 2022, and signed a one-year, 5% Interest-bearing note payable. Assume no adjusting entries have been made during the year. Which of the following would be the required adjusting entry at the end of the December 31, 2022 accounting period? 8 01:50:57 Multiple Choice Account Title Debit Interest payable Credit 1, 883 Interest expense 1, 883 O Account Title Debit Credit Notes payable 113, 000 Interest expense 5, 650 Cash 118, 650 O Account Title Debit credit Interest expense 1, 883 Interest payable 1, 883 O Account Title Debit Credit Interest expense 5, 650 Interest payable 5 , 650