Midshipmen Company borrows $10,500 from Falcon Company on July 1, 2021. Midshipmen repays the amount borrowed and pays Interest of 12% (1%/month) on June 30, 2022. Required: 1.82. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the 2021 year-end adjusted balances of Interest Recelvable and Interest Revenue (assuming the balance of Interest Receivable at the beginning of the year is $0). Complete this question by entering your answers in the tabs below. Required 1 and 2 Required 3 Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) View transaction list Journal entry worksheet Required 1 and 2 Required 3 Record the necessary entries in the Joumal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjusting entry for Falcon on December 31, 2021. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general Journal mon Required 3 >