which of the following is true regarding a situation where the accounting period end 610366

Which of the following is true regarding a situation where the accounting period ends on a date that does not coincide with an interest payment date for a note payable that is outstanding?

1. No adjusting entry is required. The interest expense will be recorded in the period it is paid.
2. An adjusting entry is required and it contains a debit to Interest Expense and a credit to Interest Payable.
3. An adjusting entry is required and it contains a debit to Note Payable and a credit to Interest Expense.
4. An adjusting entry is required and it contains a debit to Income Summary and a credit to Interest Expense.