Adjusting Entries for Interest notes are described below: Required a. Prepare the adjusting entries for interest at December 31 of Year 1. c. Prepare the adjusting entries for interest at December 31 of Year 2. Round answers to nearest dollar. Use 360 days for interest calculations when applicable. To accrue interest on note 2 . b. Feb.2 Notes Payable Interest Expense To record payment of Note 2. Mar.15 Notes Payable Interest Expense To record payment of Note 1. c. Dec. 31 To record interest on Note 3 . \begin{tabular}{|l|l|} \hline Dec.31 & v^ \\ \hline To record interest on Note 4. \\ \hline \end{tabular} Check