Unquiet Hands, Inc $\begin{array}{|l|l|}\hline \text { Dr. } & \text { Interest payable } \\\hline \mathrm{Cr} . & \text { Cash } \\\hline\end{array}$

Multiple Choice

Unquiet Hands, Inc.borrowed $30,000 on October 1, 2019 at 6% interest with both principal and interest due on September 30, 2020.Which of the following journal entries should Unquiet Hands, Inc.use to record the payment of interest on September 30, 2020?

A) $\begin{array}{|l|l|}\hline \text { Dr. } & \text { Interest payable } \\\hline \mathrm{Cr} . & \text { Cash } \\\hline\end{array}$

B) $\begin{array}{|c|c|}\hline \text { Dr. } & \text { Interest receivable } \\\hline \mathrm{Cr} . & \text { Interest payable } \\\hline\end{array}$

C) $\begin{array}{|l|l|}\hline \text { Dr. } & \text { Interest expense } \\\hline \mathrm{Cr} . & \text { Interest payable } \\\hline\end{array}$

D) $\begin{array}{|l|l|}\hline \text { Dr. } & \text { Interest payable } \\\hline \mathrm{Cr} . & \text { Interest expense } \\\hline\end{array}$