I am having trouble with the last 2 journal entries any help would be appreciated.Additional interest for five months needs to be accrued on the $30,000, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31.

• Assume that $10,000 of the $30,000 loan discussed above is due next year.
• By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $25,000 during the year and recorded those as Deferred Revenue.
• Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, and the estimated amount to be paid is $12,000.
• For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $4,000.

21	7	Dec 31	Allowance for Uncollectible Accountsselected answer incorrect	not attempted	2,400selected answer incorrect
22			Supplies Expenseselected answer correct	not attempted	500selected answer correct
23			Salaries Expenseselected answer correct	not attempted	24,000selected answer correct
24			Interest Expenseselected answer correct	not attempted	4,350selected answer incorrect
25			Income Tax Expenseselected answer correct	not attempted	14,500selected answer correct
26			Warranty Expenseselected answer correct	not attempted	4,000selected answer correct
27			Repairs and Maintenance Expenseselected answer correct	not attempted	400selected answer correct
28			Depreciation Expenseselected answer correct	not attempted	17,250selected answer correct
29			Insurance Expenseselected answer correct	not attempted	5,700selected answer correct
30			Rent Expenseselected answer correct	not attempted	2,400selected answer correct
31			Lossselected answer correct	not attempted	12,000selected answer correct
32			Bad Debt Expenseselected answer correct	not attempted	2,400

Account Title	Debit	Credit
Cash	89,070
Accounts Receivable	50,000
Allowance for Uncollectible Accounts		4,800
Inventory	7,000
Prepaid Insurance	900
Equipment	62,000
Accumulated Depreciation		25,250
Accounts Payable		20,800
Interest Payable		750
Income Tax Payable		14,500
Deferred Revenue		5,000
Notes Payable (Current)		10,000
Notes Payable (Long-term)		20,000
Contingent Liability		12,000
Warranty Liability		4,000
Common Stock		20,000
Retained Earnings		33,450
Sales Discounts	350
Cost of Goods Sold	38,500
Interest Expense		2,550
Total	247,820	173,100