2. Prepare any adjusting entries necessary at December 31. If an amount box does not require an entry, leave it blank. Dec. 31 Interest Expense Interest Payable (Record accrued interest) Check My Work 0 more Check My Work uses remaining. All work saved. Email Instructor Save and Exit Previous Submit Assignme

2. Prepare any adjusting entries necessary at December 31. If an amount box does not require an entry, leave it blank. Dec 31 (Record accrued interest) Payabie Transactions Richmand Company engoged in the following transactions: a. Purchased $44,000 of supplies from ABC Supplies on February 16. Amount due in fult on March 31. b. Paid for 25% of the purchased merchandise (transaction a) on February 26. c. On March 31 , hegotiated a payment extension whi Ate for the remainder of the balance from the February 16 purchase by signing a 1 -year, 1046 note. d. Borrower $300,000 on a 10-month, 8% interest-besring note on April 30. c. Purchased $78,000 of merchandise on June 4. Amount due in full on June 30 . f. Paid for the purchased merchandise (transaction e) on June 24. 9. Received from Haywood, tricy, on August 19 a $22,000 deposit against a total seling price of $220,000 for services to be performed for Haywood. h. Eaid cuarterly installmenti of Social Security and Medicare and individual income tax withioldings, as shown below, on October 15 . The 5ocial feciarty and thedicare wert previoutly recoeded as expenses doring the quarter and the amounts paid represent both the employee and employer thares (50 w each)