At the end of 2020, Majors Furniture Company failed to accrue $79,000 of interest expense that accrued during the last five months of 2020 on bonds payable. The bonds mature in 2034. The discount on the bonds is amortized by the straight-line method. The following entry was recorded on February 1, 2021, when the semiannual interest was paid: 94,800 Interest expense Discount on bonds payable Cash 2,340 92,460 Required: Prepare any journal entry necessary to correct the errors as of February 2, 2021, when the errors were discovered. Also, prepare any adjusting entry of December 31, 2021, related to the situation described. (Ignore income taxes.) (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View transaction list Journal entry worksheet Record the error correction as of February 2, 2021. Note: Enter debits before credits. Date General Journal Debit Credit February 02, 2021 Record entry Clear entry View general journal