Exercise 3-24 (1 of 2) Clark Motor Ltd. faced the following situations. Journalize the adjusting entry needed at December 31, 2017, for each situation. Consider each fact separately. a. The business has interest expense of $9,000 that it must pay early i January 2018 b. Interest revenue of $3,000 has been earned but not yet received. C. When the business collected $12,000 in advance, it debited Cash and credited Unearned Revenue. The client was paying for two car ne delivered in December and one to be delivered in February