At December 31 of Year 1, Hoffman Corporation had two notes payable outstanding (notes 1 and 2). At December 31 of Year 2, Hoffman also had two notes payable outstanding (notes 3 and 4). These notes are described below: a. Prepare the adjusting entries for interest at December 31 of Year 1. b. Assume that the adjusting entries were made at December 31 of Year 1. Prepare the Year 2 journal entries to record payment of the notes that were outstanding 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. GenaralJournal Date bescription Debit Credit a. b. c. Dec.31 Interest Expense Interest Payable To record interest on Note 3 . Dec.31 Interest Expense Interest Payable 139 To record interest on Note 4 . (: 0 139