Question 1 Dougald Construction Ltd. borrowed $160 000 from TD Bank on October 1 make adjusting entries annually. 017 for a nine-month period; 49 interest is payable at atun Both companies have a December ear end and For Dougald Construction, record (1) the receipt of the bank loan on October 1, 2017; (2) the accrual of interest on December 31, 2017; and (3) the payment of the loan on July 1, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To record interest) July 1, 2018