Celebration Travel borrowed $32,000 on October 1, 2024, by signing a one-year, 6% note payable to State One Bank. Requirements 1. Calculate the amount of interest expense to accrue at December 31, 2024. 2. Record the adjusting entry to accrue interest expense at December 31, 2024. 3. Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment. Requirement 1. Calculate the amount of interest expense to accrue at December 31, 2024. Interest to accrue =