Quick Bites Cheap Restaurant borrowed $110,000 on October 1 by signing a note payable to Area One Bank. The interest expense for each month is $413. The loan agreement requires Quick Bites Cheap to pay interest on January 2 for October, November and December. Read the requirements 1. Make Area One Bank's adjusting entry to accrue monthly interest revenue at October 31, at November 30, and at December 31. Date each entry and include its explanation. (Record debits, then credits. Select the explanation on the last line of the journal entry table) Start by making the adjusting entry to accrue monthly interest revenue for October. Journal Entry Date Accounts and Explanation Debit Credit Oct