Please answer the following question.

Requirement 2. On October 1, 2024, Rhodes Company purch interest at maturity on July 1,2025 . (Record debits first, then Aemin bv recordina the October 1 purchase. Fexord the adyusing entry needed on December 31, 2024. (1) Income Tax Payable (2) 0 O O Accounts Receivable O Cash Income Tax Expense Income Tax Payable (3) OO Income Tax Payable (4) 0 Sales Tax Payable O Acco Sales Revenue Accounts Receivable O Income Tax Payable Cash Sales Revenue Sales Tax Payable (5) 0 To record income tax expense incurred. To record cash payment for income tax payable To record cash payment for sales tax payable AccountsReceivableCashIncomeTaxExpenseOIncomeTaxPayableSalesRevenueSalesTaxPayableSalesTaxReceivable(7)AccountsReceivableSashIncomeTaxExpenseSalesTaxReceivableIncomeTaxPayableSalesRevenueSalesTaxPayable (6) Accounts Receivable Income Tax Payable Salevenue (8) 0 (9) Accounts Receivable Income Tax Payable (10) To record income tax expense incurred. Cash Cash To record cash payment for income tax payable. Income Tax Expense Sales Tax Receivable To record cash payment for sales tax payable To record cash sales and the related sales tax. (11) 0 (12) 0 Cash (13) Cash Equipment Interest Expense Interest Receivable Interest Revenue CashEquipmentInterestExpenseIotesPayableInterestReceivableInterestRevenueInterestPayable (14) (15) 0 (16) Interest Receivable (17) Interest Receivable (18) Purchased equipment for cash. Purchased equipment in exchange for equity Cash Equipment Interest Expense Interest Revenue Interest Revenue CashcinterestRevenueInterestReceivable Purchased equipment in exchange for nine-month, 8% note Interest Payable Notes Payable (19) 0 Cash Equipment Interest Expense Interest Receivable (20) (21) Accrued interest expense at year-end CashEquipmentInterestExpenseOInterestReceivableInterestRevenueInterestPayableNotesPayable(22)CashEquipmentInterestExpenseOInterestRevenueOInterestPayableNotesPayable (23) 0 Cash Interest Receivable (24) (25) Interest Revenue Cash Interest Revenue Accrued interest expense at year-end Equipment Interest Payable Accrued interest revenue at year-end interest Expense Notes Payable Equipment Interest Expense Paid note and interest at maturity (25) O a lablity that need not ever be paid out, where a known liability must always be repaid (27) joumalized once the liability becomes due within one year of the balance sheet date a potertial, rather than an actual (known) liability, because it having to be paid depends on a future event. joumalized when the likelihood of an actual loss is probable and the amount of the expense can be reasonably estimated not due until at least one-year past the balance sheet date, where a known liability is due within a much shorter time frame