#7 At the end of 2020, Majors Furniture Company failed to accrue $61,000 of interest expense that accrued during the last five months of 2020 on bonds payable. The bonds mature in 2032 . The discount on the bonds is amortized by the straight-line method. The following entry was recorded on February 1 , 2021, when the semiannual interest was paid: Required: 1-a. Prepare any journal entried necessary to correct the error, as well as any adjusting entry for 2021 related to the situation described. (Ignore income taxes.) 1-b. Prepare the journal entries that should have been recorded, if done correctly to start