Reagan Rentals Company faced the following situations. E (Click the icon to view the situations) Requirement 1. Journalize the adjusting entry needed at December 31, 2016, for each situation. Consider each fact separately. (Record debits first, then credits. Exclude explanations from any journal entries a. The business has interest expense of $3,800 that it must pay early in January 2017 Journal Entry Accounts Debit Credit a