Far Away Travel borrowed $$51,000$ on October $1,$ by signing a one$-$year, $6\%$ note payable to Metro One Bank.

Requirements

Calculate the amount of interest expense to accrue at December $31.$ Round to the nearest dollar.

Record the adjusting entry to accrue interest expense at December $31.$

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 $31.$ Round to the nearest

dollar.

Interest to accrue $=$