At January 1, 2021, Han Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in exchange for outstanding accounts payable. The following table contains the details of the notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December 31, 2020. Supplier Note Principal Interest Interest Rate Issue Date Term Accrued 1 Tessier Inc. $5,100 5% Nov. 1, 2020 3 months $42.50 2 Wolde Inc. 6,600 4.5% Nov. 30, 2020 5 months 24.75 3 Deng Inc. 9,000 6% Dec. 1, 2020 1 year 45.00 Total $112.25 All notes require that the interest be paid at the maturity of the note. All notes and interest were paid on time. Han prepares adjusting entries at the end of its calendar fiscal year. Additional transactions of 2021: Mar. 1 Oct. 30 Signed a $11,400, one-year, 5% note to Lalonde Ltd. in settlement of an accounts payable. Interest is due at maturity. Signed a $5,100, three-month, 4.5% note to Hanover Ltd. in settlement of an accounts payable. Interest is due at maturity. Nov. Borrowed from RBC $10,500 cash in exchange for a two-year 6% note with interest due at maturity. 30 A 8 D R Search or type URC H C V B N M Contalent eve Feb. 1 Interest Payable 42.50 Interest Expense 21.25 Notes Payable Tessier 5100 Cash Mar. 1 Accounts Payable Notes Payable-Lalonde Apr. 30 Interest Payable S 11400 24.75 Interest Expense 99 Notes Payable Wolde 6600 Cash Oct. 30 Accounts Payable Notes Payable - Hanover E R D Search or type URL G H 5100 X C V B N M 38 command 5163.75 11400 6723.75 5100 P H command Question 20 of 21 < > Oct. 30 Accounts Payable Notes Payable - Hanover Nov. 30 Cash (b) Notes Payable-RB 5100 10500 Dec. 1 Interest Payable 45 Interest Expense 495 Notes Payable-Deng 9000 List of Accounts X Cash Search in Type U B N DAM 5200 10500 9540 2.75/11 E ! Attempts: 1 of 5 used (b) Prepare any adjusting entry required on December 31, 2021. (Round answers to 2 decimal places, e.g. 52.76. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Dec. 31 List of Accounts Save for Later Credit Attempts: 0 of 5 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) W E R command Search or type URL D F G H C S B N M command Goting