need solution help with this: Leisure Travel borrowed $100,000 on Oct 1 by signing a note payable to First State Bank. The interest expense for each month is $800. The loan agreement requires Leisure to pay interest on Dec 31st.

1. Make Leisure's adjusting entry to accrue monthly interest expense at Oct 31, at Nov 30, and at Dec 31. Date each entry and include its explanation. 2. Post all 3 entries to the Interest Payable account. You need not take the balance of the account at the end of the month. 3.Record the payment of three months' interest at Dec 31.