At the end of 2017, Majors Furniture Company failed to accrue $68,500 of interest expense that accrued during the last five months o 2017 on bonds payable.The bonds mature in 2029.The discount on the bonds is amortized by the straight-line method.Thee following entry was recorded on February 1, 2018, when the semiannual interest was paid:

Interest expense82,200

Discount on bonds payable2,700

Cash79,500

1-a. journal entry necessary to correct the error as well as the adjusting entry for 2018.(Ignore income taxes)

(Do not round intermediate calculations and round your final answers to nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1-b. journal entry that should have been recorded if done correctly to start

(Do not round intermediate calculations and round your final answers to nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)