ACME Distribution December 31,2016 Adjusting Entries Continued 6) The company issued a $75,000 bond dated August 1, 2016 to finance the purchase of warehouse equipment and provide the company additional cash. The bond hes contractual interest rate of 6.8% and was issued at par. The bond matins n and pays interest on July 31 and January 31 each year. What is te amount of interest to be accrued at December 31, 2016? Rand answer to nearest dollar and show your calculation below for full credit) Complete below the adjusting joumall entry necessary for accrued interest Post the above entry to the trial balance in the adjustment columns