On July 1,2013,Avery Services Issued a 4% Long-Term Note Payable $$\begin{array} { | l | r | r | } \hline \text { Interest expense } & 200 & \\\hline \text { Cash } & & 200 \\\hline\end{array}$$

On July 1,2013,Avery Services issued a 4% long-term note payable for $10,000.It is payable over a 5-year term in $2,000 principal installments on July 1 of each year.
-Which of the following entries needs to be made at year-end 2013 to accrue interest?

A) $$\begin{array} { | l | r | r | } \hline \text { Interest expense } & 200 & \\\hline \text { Cash } & & 200 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Interest expense } & 200 & \\\hline \text { Interest payable } & & 200 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Interest expense } & 400 & \\\hline \text { Accounts payable } & & 400 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Interest revenue } & 400 & \\\hline \text { Cash } & & 400 \\\hline\end{array}$$