CH 3: Adjusing Entries (Accruals) Required Prac.. Record adjusting journal entries for each of the following for year ended December 31 Assume no other adjusting entries are made during the year b. Interest Payable. At its December 31 year-end, the company owes $450 of interest ona line-of-credit loan. That interest will not be paid until sometime in January of the next year able that has incurred $1,075 in annual interest that is neither recorded nor paid. The company intends to pay the interest on January 7 of the next year Journal entry worksheet At year-end, salaries expense of $19,500 has been incurred by the company, but is not yet paid to employees. Note: Enter Score