Quiz 1(5%) (Copy) - Google Chrome mylab.pearson.com/Student/PlayerTest.aspx?testid=242864377¢erwin=yes Horngren's Accounting Volume 1 - Section 210 - Tuesday's = Quiz: Quiz 1(5%) (Copy) Question 1 of 5 Shourya Mahajan 06/21/22 10:41 PM This quiz: 100 point(s) possible This question: 20 point(s) possible Suppose Thompson Travel borrowed $52,000 on March 1 by signing a note payable to Toronto-Dominion Bank. Thompson Travel's interest expense on the note payable for the remainder of its fiscal year (March through May) is $676. Required 1. Record Thompson Travels adjusting entry to accrue interest expense at May 31. Submit quiz 2. Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment. Requirement 1. Record Thompson Travel's adjusting entry to accrue interest expense at May 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date May Journal Entry Accounts and Explanation Debit Credit Requirement 2. Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment. (If a box is not used in the T-accounts, leave the box empty; do not select a label or enter "0.") May 27C Mostly cloudy May May May 39 Me Time Remaining: 00:59:51 Next 10:41 PM 6/21/2022