ignore my answers, I was very wrong. I was hoping to find out how to correctly answer this. thank you!

e SF3-11 (similar to) Far Away Travel borrowed $36,000 on August 1, 2024, by signing a one-year, 5% note payable to Avenue One Bank. Requirements 1. Calculate the amount of interest expense to accrue at December 31, 2024 2. Record the adjusting entry to accu 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 Principal interest rate Time - 5750 Requirement 2. Record the adjusting entry to accrue interest expense at December 31, 2024. (Record debita fint, then credits. Select the explanation on the tastine of the punat entry table) Date Accounts and Explanation Credit Dec 31 Interest Expense 750 Interest Payable 750 Debit To more interest expense Requirement 3. Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment Post the adjustment to the two accounts using a "Dec 31 posting reference, and then calculate and enter the ending balance of the accounts using a "Bal" posting reference Interest Payable Interest Expense 750 Dec 31 Dec 31 750 Bal Bal. 750 750 Move your pointer over or tap on the cells with red rows to see incorrect answers