Below is a partial amortization schedule for Gold's mortgage. Prepare the journal entry to record Gold's payment on December 15 . Interest on this mortgage accrues at 12% per year ( 1% per month). REFER TO THE ABOVE QUESTION: Gold does not need to accrue interest expense on its December 31 financial statments. True False The amout of interest expense Gold should accrue on its December 31 financial statments is $484. $967. $0. Impossible to determine from the information given