Midwest Enterprises made the following entry onDecember 31, 2017.Interest Expense 10,000Interest Payable 10,000(To record interest expensedue on loan from AnaheimNational Bank)What entry would Anaheim National Bank make regardingits outstanding loan to Midwest Enterprises? Explainwhy this must be the case.

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A: Date | Account Titles | Debit | Credit Jan. 31 | Interest Expense | 988 | | Bonds Payable |…