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Please check my work and I am only stuck on B. Thank you. Adjusting Entries on Interest. At December 31, 2014, Hoffman Corporation had two

Please check my work and I am only stuck on B.
Thank you. image text in transcribed
Adjusting Entries on Interest. At December 31, 2014, Hoffman Corporation had two notes payable putstanding (nates 1 and 2).At December 31, 2015. Hotfman also had two notes payable autstanding (notes 3 and 4. These notes are described below Date af Note iipal Interest Rate Number o Days moun December 31, 203 Note 1 Note 2 December 31, 2035 Note 3 Note 4 13/16/2014 15000 g% 120 60 12/4/2014 $16,000 9% 12% 9,000 12/7/2015 12/21/2015 $18.000 30 Required a Prepare the adjusting entries for interest at December 31, 2014 Assume that the adfusting entries were made at December 31, 2014. Prepare the 2015 journal entries to recnrd payment of the notes that were outstanding at December 31, 2014. c Prepare adjusting entries for interest at Decemher 31, 2015 DH 150 CH Interest Expense Interest Payable $150 DH CR Interest Expense$108 Interest Payable 100 DR CR Interest Payahle Cash DH CH Interest Payable Cash DH CH Interest Expense Interest Payable 554 DH 560 CL Interest Expense Interest Payable $60

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