Journal Entries (Accrued Interest Payable) At the end of the year, the following interest is payable, nut not yet paid. Record the adjusting entry in the general journal. Interest on $5,000, 60-day, 7% note (for 12 days) $11.67. Interest on $2,500, 30-day, 8% note (for 9 days) 5.00. Total $16.67