Accrued Interest On March 1, the Applewood Corporation wanted to purchase a $355,000 piece of equipment, but Applewood was only able to furnish 185,200 of its own cash to purchase the equipment. Applewood borrowed the remainder of the $355,000 from the People's National Bank on a 2 year, B%note. Required: if the company keeps its records on a clendar yeat, what adjusting entry should Applewood make on December 31? if an amount box does not require an entry, leave it block. When required, round your answers to the nearest dollar. Dec 31 interest 17,00 x 17.906 X Interest Payable 17.906 x (hlecard accrediteret expense) Podhal CMW Expenses the mached to the period they helped mere remues. When calculating interest, consider the principal, the annual interest rate and the duration of the