Accrued Interest

On March $1,$ the Applewood Corporation wanted to purchase a $$215,000$ piece of equipment, but Applewood was fonly able to furnish $$25,800$ of its own cash to purchase the equipment. Applewood borrowed the remainder of the $$215,000$ from the People's National Bank on a $2$ year, $9\%$ Chapter B Homework assignment rake frame

Required:

If the company keeps its records on a calendar yeat, what adjusting entry should Applewood make on December $31?$ If an amount box does not require an entry, leave it blank. When required, round your answers to the nearest dollar.

Dec. $31$

$$ x $$

$$

$$

$($Record accrued interest expense$)$

Festbat: $q,$