Adjusting Entries for Interest The following note transactions occurred during the year for Zuber Company: Nov. 25 Zuber issued a 120-day, 12 percent note payable for $8,000 to Porter Company for merchandise. Dec. 10 Zuber signed a 120-day, $7,200 note at the bank at ten percent. Dec. 23 Zuber gave Dale, Inc., a $9,000, eight percent, 60-day note in payment of account. Prepare the journal entries necessary to adjust the interest accounts at December 31. Use 360 days for calculations and round to the nearest dollar. General Journal Description Debit Credit Date Dec.31 To accrue interest expense for note issued on Nov. 25. Dec.31 To accrue interest expense for note signed on Dec. 10. Dec.31 To accrue interest expense for note on Dec. 23