Adjusting Entries for interest Az December 31, 2011. Portland Corporation had two notes payable outstanding notes 1 and 2). At December 31, 2012. Portland also had two notes payable outstanding notes and these noties are described below Principal Amunt Interest Rate Number of Dar Date of note December 31, 2011 No November 2011 December 2011 December 31, 2012 Gember 11, 2012 S2000 17.00 37 518 16.000 15.000 TO 30 Required 2. Prepare the adjusting entries for interest December 31, 2011 . Assume that the adjusting entries were made at December 11, 2011 and that no adjusting entries were made during 2012. Prepare the 2012 journal entries to recordement of the notes that were outstanding at December 11, 2011 Prepare the adjusting entries for interest December 31, 2012 round answers to newest dollar Use 60 days for interesa latihan